2012•Science Technology and IndustryRequires access
Analysis on the Influencing Factor of Oil Prices
Ying Chen
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Abstract
The oil price is increasingly affecting the government decision-making and enterprise business.This paper analyzes the eight influencing factors of oil prices: oil supply and demand,the strategic reserve and inventory of oil,and the competition of alternative energy,the production cost of oil,political and social events,speculation,currency factors,and the forecast of economic trends.