ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Forecasting Crude Oil Prices

The history of oil forecasting has shown that no oil expert has been successful in predicting oil prices. This is due to the inability to either anticipate or accurately predict geopolitical scenarios, world oil supply/demand, and the impact of the spare capacity of oil exporters. Moreover, the oil futures market has not only failed to predict prices, but caused higher volatility and converted the oil market into a veritable gambling casino.



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Updated On : 14th May, 2018

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