Sesional Price Changes in Crude Oil Free Essay, Term Paper and Book Report
Seasonal Price Changes in Crude Oil
Winter is the most reliable season to look for price trends in the crude oil market, and this creates a predictable pattern that an astute market analyst can forecast. Crude oil is one of the most critical factors in the worlds economy today. Although an infinite web of factors such as agriculture, consumer products, utilities and transportation drive the economy, the underlying fiber that supports economic growth is crude oil. Transportation and agriculture depend on gasoline and diesel fuel, while consumer materials such as plastics, kerosene and heating oil are all dependent on petroleum products. Hardly anything is made or consumed without the use of crude oil or a product derived from crude. The prices of crude oil are subject to seasonal demands. For example, the summer travel season increases the demand for fuel, which is made from crude oil. This, in turn, can cause an increase in crude oil prices. However, the summer travel season is often affected by unpredictable variables like bad weather and the economy. In contrast, winter is alw......
Word Count: 2557
Page Count: 10.2 (250 words a page / double spaced)
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