Saporta, Victoria; Trott, Matt; Tudela, Merxe - In: Bank of England Quarterly Bulletin 49 (2009) 3, pp. 215-225
The price of oil rose steadily between the middle of 2003 and the end of 2007, rose further and more rapidly until mid-2008 and fell sharply until the end of that year. Commentators agree that a significant part of the increase in the oil price over that period was due to rapid demand growth...