Analysis of the International Oil Price Fluctuations and Its Influencing Factors英文文献资料.docVIP

American Journal of Industrial and Business Management, 2012, 2, 39-46 39 /10.4236/ajibm.2012.22006 Published Online April 2012 (http://www.SciRP.org/journal/ajibm) Analysis of the International Oil Price Fluctuations and Its Influencing Factors Lingyu Yan School of Earth Sciences and Resources, China University of Geosciences (Beijing), Beijing, China. Email: netty_yan@126.com Received February 10 , 2012; revised March 13 , 2012; accepted March 22 , 2012 th th nd ABSTRACT Oil is one of the important strategic energy to guarantee the development of modern industry and economy, and is also an important resource, which is scrambled by each interest group in the world. Oil price fluctuation is always regarded as the barometer of worldwide economy, whose each change would be the hot issue to be concerned and discussed gen- erally in political and economic circle in every country. This paper systematically reviewed the historical path of inter- national oil price fluctuation, analyzed comprehensively all factors, which effect the oil price fluctuation and proposed the countermeasures and advices to respond the international oil price fluctuation. Through the analysis, this paper ar- gues that the influencing factors are various, and with the development of the world’s economy, the types of these in- fluencing factors would increase and the influencing intensity, which presented by the various factors that affect the oil price, would also different in different historical periods. Keywords: International Oil Price; Supply and Demand; Dollar Exchange Rate 1. Introduction tween nations, for this reason caused the diversity and complexity of the factors, which effected the interna- tional oil price fluctuation. Based on this, this paper sys- tematically reviewed first the historical path of interna- tional