Manon's Econ Blog

Oil and its volatile price

Posted on: October 18, 2009

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1 Response to "Oil and its volatile price"

Manon, good job on your blog. It seems like you are taking initiative, and are analyzing economic concepts very well!

Reading the article, it seemed like price of oil was largely influenced by consumer expectations. Consumers expected that demand was increasing faster than supply, which would lead to an increase in price of oils. This must have led to an increase in demand for oil, which actually led prices to go up.

Maybe you want to explain this in your blog next time. Keep up the great work 🙂

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