03001cam a22002654a 4500008004100000020001800041020001500059040000800074050002700082100003200109245011300141250001200254260004500266300001900311490002500330505001700355520194600372520011402318650004002432650005102472900001502523942001302538999001902551952016502570110923s2012    enkab    b    001 0 eng    a9781119962724  a1119962722  aSDU00aHD9560.4bC292 U 2012 1 aCarollo, Salvatore.918814910aUnderstanding oil prices :ba guide to what drives the price of oil in today's markets /cSalvatore Carollo.  a2nd ed.  aChichester, West Sussex :bWiley,c2012.  a168 p. :bill.1 aWiley finance series  aHKBU Library  a"Oil prices have seen massive fluctuation over the past 10 years, with price per barrel growing from $9 to $140. More recently, we have seen fluctuation from $140 to $37/barrel, and back up to $120 - all in a matter of months. But why? It is still a popular belief that OPEC can affect the price of oil by regulating the volume of production and using this key raw material for their political aims, but the reality is quite different. In the last decade, despite a constant potential surplus of crude in the markets, we have seen the prices fluctuating dramatically with no apparent logic.Starting from the Chernobyl accident and the Clean Air Act implementation in the US, structural changes within the oil industry have modified the dynamics of oil prices. The existing technological refining system is no longer adequate to transform, with the necessary continuity, the crude oils into the high-quality finished products demanded by the market. Furthermore, from the beginning of the year 2000, the oil futures market detached itself almost completely from its original nature (the barrel of oil), becoming a purely financial market, but still able to heavily affect the real oil prices. More sophisticated models are needed to understand this new scenario.This book thoroughly demystifies the oil market, showing readers what really moves the price of oil today. It provides a comprehensive analysis of the industry fundamentals and the role of financial speculation, illustrating the complexity of the relationship of three different markets that regulate the oil sector: the crude oil market (raw material), the finished products market (gasoline, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants), and the financial market (futures). It will provide an excellent grounding in the topic for anyone involved or interested in the oil markets, including financial analysts, traders, investors and energy market participants"--  a"This book thoroughly demystifies the oil market, showing readers what really moves the price of oil today"-- 0aPetroleum productsxPrices.9126211 0aPetroleum industry and tradexHistory.9188150  a = C.1 SDU  cGBE2lcc  c102546d102546  00102lcc406HD95604 C292 U2012708CGB9283316aSDUbSDUcGEN3d2025-09-29e2l0oHD9560.4 C292 U 2012 p1000362288r2025-09-29 00:00:00tC.1w2025-09-29yGBE