27.06.2013 - Price of oil
Oil is one of the most important commodities in our global economy. Similar to any other commodity traded in the free market, oil prices fluctuate over the time. Even more, the price of oil changes more frequently compared to other commodities. Moreover, the oil price impacts the vigor of the world economy. Higher oil prices since 1999 contributed to the global economic decline in the year 2000 to 2001 and are slowing the current cyclical upturn. Due to the effect of oil price on world economy, it is important to study the factors impacting the oil price...............................................Full Article: Source
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