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Essay's paper info
Topic: History
Number of pages / Number of words: 18 / 4877
Essay's paper body

Sentiment is also an important factor: if traders in the oil market believe there will be a shortage of oil supplies, they may raise prices before a shortage actually occurs. Other factors influencing the price of crude oil include accidents, bad weather, increasing demand, halting transport of oil from producers, labour disputes (strikes) as well as other disruptions to production including war and natural disasters...


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Due to this the Indian economy is affected by the changes in the oil prices. Thus the project will also discuss some of the Indian issues like subsidy given by government to consumer, apart from analyzing demand supply situation in the international market.

OBJECTIVES:

  • To understand the demand and supply situation in the crude oil market and try to apply the concepts learned in the course...

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