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The fall in crude oil prices during the end of 2008 is attributed to?
Wiki User
∙ 14y ago
Oil prices are not easy to forecast because a number of factors at any time will affect the price. However, enormous drop in crude prices world wide corresponded to declines in many other commodities as a global recession (drop in economic activity) occurred. This is discussed in the attached links.
Some speculate also the prior to mid-June 2008, the oil prices increases were driven in part by a weaker dollar. See attached links.
Wiki User
∙ 14y ago
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Explain the concept of Inflation in Indian context?
Inflation in India is estimated on the basis of fluctuations in the wholesale price index (WPI). Zooming inflation that the country witnessed in the first quarter of the current fiscal 2008-09 and beyond - from 7.7 per cent at end-March 2008 to 11.9 per cent by July 12, 2008- can be attributed to the impact of higher international crude oil prices to domestic prices as well as continued increase in the prices of iron and steel, basic heavy inorganic chemicals, machinery and machinery tools, oilseeds/edible oils/oil cakes and raw cotton on account of strong demand, international commodity price pressures and lower domestic 2007-08 rabi production of oilseeds. The seasonal hardening of vegetables prices as well as increase in the prices of textiles have also contributed to the rising inflation during 2008-09 so far.
Average Gas Prices from 2004-2008?
During the years 2004-2008, the US national average price of a gallon of regular gasoline was $2.568, from a low average of $1.88 in 2004 to a high average of $3.27 in 2008.
2008 gas prices per gallon in New York state?
In 2008 gas prices were, on average, around $3.09
When were gas prices 3 to 4 dollars per gallon?
In 2008.
What is current level of GDP in US?
14.58 trillion USD at 2008 prices.
How much did crude oil prices rise in 2008?
The highest that the crude oil prices ever hit was USD$147. You can read about it and the reasons why the prices went that high here : http://english.aljazeera.net/focus/2008/09/200898133143509358.html
When was Sweet Crude created?
Sweet Crude was created in 2008.
Has British airways increased the ticket prices due to increase in fuel prices?
Yes because off spiraling prices of crude oil British Airways decided to raise the fuel surcharge as reported by The Telegraph on 29th May 2008.
Explain the concept of Inflation in Indian context?
Inflation in India is estimated on the basis of fluctuations in the wholesale price index (WPI). Zooming inflation that the country witnessed in the first quarter of the current fiscal 2008-09 and beyond - from 7.7 per cent at end-March 2008 to 11.9 per cent by July 12, 2008- can be attributed to the impact of higher international crude oil prices to domestic prices as well as continued increase in the prices of iron and steel, basic heavy inorganic chemicals, machinery and machinery tools, oilseeds/edible oils/oil cakes and raw cotton on account of strong demand, international commodity price pressures and lower domestic 2007-08 rabi production of oilseeds. The seasonal hardening of vegetables prices as well as increase in the prices of textiles have also contributed to the rising inflation during 2008-09 so far.
What was highest price per barrel of crude oil in 2008?
The highest price for barrel of crude oil reached $128.08in July 2008.
At the end of 2008 how many barrels of crude oil existed in reserves?
At the end of 2008, the US had about 714,000,000 barrelsof crude oil in the Strategic Petroleum Reserve.
What was the price of oil in February of 2008?
The price of a barrel of crude oil in February 2008 was $89.41
How much did a barrel of crude oil cost in July 2008?
$128.08 per barrel in July 2008.
What is the Gold prices from 1989 to 2008 in India?
what wasgold price in india during 1989
Why crude oil price reduced in 2008?
As a result of a downturn in the worlds economic activity the demand for crude reduces causing the price to go down.
What are the release dates for Turning Point - 2000 The Crude Awakening?
Turning Point - 2000 The Crude Awakening was released on: USA: 21 September 2008
What was the price of crude oil on 28 August 2008?
About $112.83 per barrel.
