Oil as a Financial Asset
Oil as a Financial Asset

Summary/Abstract: The subject of this article is oil considered as an industrial raw material and a financial asset. The study of the development pathway of the global economy has shown that the global financial system is about to witness new virtual money and the financial instruments that may make oil non- demanded. The article analyzes the regularities reflected in oil price to understand the possibility of the crisis related to this situation. The article identifies the groups of factors directly or indirectly influencing oil and its price, which has enabled to establish their complicated correlation. Besides, it shows that the price of oil as a financial asset is greatly influenced today by the factors specific for the financial sphere.

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