Brent crude oil over the 25-month period was $27.80/b, compared with a mean price of $29.96/b for West Texas Intermediate crude.
The table also indicates that the reasons attributed by analysts for crude oil price behavior was more frequently expected changes in crude oil supply than it was either (a) expected changes in demand or (b) actual supply and demand changes.
Table 1: Crude Oil Price Behavior ยท March 2001 to April 2003 [Price = US$ per barrel]
THE CRUDE OIL MARKET. (1969, December 31). In LotsofEssays.com. Retrieved 02:47, May 04, 2024, from https://www.lotsofessays.com/viewpaper/1694748.html
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