Development of Oil Prices and Key Determinants Influencing its Development
Development of Oil Prices and Key Determinants Influencing its Development
Author(s): Ján Horvát
Subject(s): Energy and Environmental Studies, Economic policy, Environmental and Energy policy, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: WTI Price; Brent Price;
Summary/Abstract: Oil is one of the most important and liquid commodities, which development is highly focused by traders and theoretical economists. The practice showed that change in oil prices is positive correlated with inflation, when there is even indirect influence of oil because oil is oil necessary in delivering goods. Prices of oil influences positive the energetically stocks and negative with airlines stocks. The most important prices are formed in New York WTI crude oil and in London Brent oil.
Book: European Financial Systems 2015: Proceedings of the 12th International Scientific Conference
- Page Range: 195-200
- Page Count: 6
- Publication Year: 2015
- Language: English
- Content File-PDF