Wurzel, Eckhard; Willard, Luke; Ollivaud, Patrice - Economics Department, Organisation de Coopération et … - 2009
Crude oil prices have trended up since the end of the 1990s, peaking at a historic high in mid-2008 that was followed by a steep price correction with a subsequent rebound. This paper considers major forces behind the evolution of the oil price, using a simple model of supply and demand...
