Series: IMF Working Papers
Author(s): Malika Pant , Martin Mühleisen , and Alun Thomas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2010
Keywords: oil price, consumption demand, asset demand, speculation, oil prices, opec, oil imports, oil supply, crude oil, Prices
Global oil markets were roiled by sharp price swings in 2008, and economists are still divided over the reasons for the unusual volatility. Those emphasizing fundamentals point to inelastic supply and demand curves...