000			03322nam a2200361 a 4500
001			0000141660
005			20171002061741.0
006			m u
007			cr cn|||||||||
008			110923s2012 njua sb 001 0 eng d
010			_z 2011039266
020			_z9781119962724
020			_z9781119962892 (e-book)
035			_a(CaPaEBR)ebr10509854
035			_a(OCoLC)769188929
040			_aCaPaEBR _cCaPaEBR
050	1	4	_aHD9560.4 _b.C37 2012eb
100	1		_aCarollo, Salvatore.
245	1	0	_aUnderstanding oil prices _h[electronic resource] : _ba guide to what drives the price of oil in today's markets / _cSalvatore Carollo.
260			_aHoboken, N.J. : _bWiley, _c2012.
300			_axxv, 168 p. : _bill.
490	1		_aWiley finance series
504			_aIncludes bibliographical references and index.
520			_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"-- _cProvided by publisher.
533			_aElectronic reproduction. _bPalo Alto, Calif. : _cebrary, _d2013. _nAvailable via World Wide Web. _nAccess may be limited to ebrary affiliated libraries.
650		0	_aPetroleum products _xPrices.
650		0	_aPetroleum industry and trade _xHistory.
655		7	_aElectronic books. _2local
710	2		_aebrary, Inc.
830		0	_aWiley finance series.
856	4	0	_uhttp://site.ebrary.com/lib/daystar/Doc?id=10509854 _zAn electronic book accessible through the World Wide Web; click to view
908			_a170314
942	0	0	_cEB
999			_c130809 _d130809