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Fluctuation Trend

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Summary 2.0 Introduction Oil is the most vital non-renewable energy in the world which aid in the growth of the modern industry and economy of a country. As a basic commodity, oil is closely connected to the growth of national economy and daily routine of the public. Thus, consumption of oil yearly approximately occupied 40% of the total intake of global energy. Issues related to fluctuation trend in term of the price of oil has been a hot topic that being argued and investigated worldwide. In order to predict the future trend of the fluctuation of the international oil price, this study use the method of reviewing the historical path of international oil price before identify the factor which contribute to the happening of this incident …show more content…

To provide useful measure in order to predict the trend of fluctuation of international oil price. 2.2 Methods In order to predict the future trend of the fluctuation of the international oil price, this study use the method of reviewing the historical path of international oil price before identify the factor which contribute to the happening of this incident and then lastly made a forecasting on the potential trend of international oil price. 2.3 Findings Historical incident which happen after year 1945 is used to investigate the historical path of the oil price. Yan,L.Y (2012) put forwards that the year before 1945 is not so appropriate to be taken as the research material as the oil price before year 1945 is still consider in infancy stages and the most important reason is that the level of technology as well as the mining is still not in maturity …show more content…

Moreover, the type of influencing factor will be varying based on the historical period of each country. 2.4 Critique/ Comments: The study which done by Angelier,J.P ( 1991 ) is a collaboration of three factors to determine the price of oil. These three factors encompass of balance between supply and demand, structure of oil industry and the marginal cost of production move along with the demand of world oil. He identified the three factors which can influence the oil price with vary time horizon that is short term, medium term and long

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