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Untitled Presentation
Untitled Presentation
Made By:
Saloni Agarwal (70)
Dristhi Arora (71)
Angela Mansukhani (108)
Unnati Parmar(118)
Ruchika Runwal (120)
Factors
affecting global
crude oil prices
History
Financial Markets confirming higher oil market
Factors Affecting Oil Prices:
Financial ●
●
Traders & commodities market
Speculators
Markets ●
●
Hedgers
Average Daily open interest
Demand ● Venezuela’s Production (halfed)
& ●
●
Growth in terms of Quality
IEA and Non- OPEC countries
Supply ●
●
( 1.6-1.8 M.)
Start-up Petrochemical
projects( China& US)
● Import & Exports
● Enviromental Factors
● Oil Reserves
Inventories ●
●
US ( shale oil)
Gasoline
● Heating Oil
● Venezuela
Geopolitics ●
●
US- Iran
OPEC & Russia
● Power outage in canada
● Dropping inventory- US
Capital ● $85 to rise per barrel
● Cut back in capital spending by