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Analysis Oil Trade Arabic Spring

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Analysis Oil Trade Arabic Spring
Project economics Market investigation
Project economics Market investigation

St. Maartens College

St. Maartens College

Guido Kinds – T4Y

Guido Kinds – T4Y

In this oil price analysis I will discuss the impact of geographical and political events on the demand and supply of oil. I am going to do a price analysis over the oil price’s highlights of March 2011. Like prices of other commodities the price of oil swings in times, when there is a shortage or oversupply, and responding to changes in demand as well. Since oil is a natural resource it is scarce, and it’s supply is limited. March 2011 was a very weird month for the oil market, given the fact of key events the Arab spring. Also the big tsunami in Japan had its effect. So my research question will be: What kind of effects do geographical and political events have on the oil price?

Here is the data I will do my analysis on: Data Oil Price WTI Month March 2011 | March 1 | 99.63 | March 2 | 102.27 | March 3 | 101.92 | March 4 | 104.34 | March 5 | - | March 6 | - | March 7 | 105.37 | March 8 | 105.06 | March 9 | 104.39 | March 10 | 102.73 | March 11 | 101.14 | March 12 | - | March 13 | - | March 14 | 101.20 | March 15 | 97.23 | March 16 | 97.99 | March 17 | 101.47 | March 18 | 101.06 | March 19 | - | March 20 | - | March 21 | 102.36 | March 22 | 104.53 | March 23 | 105.21 | March 24 | 105.04 | March 25 | 104.89 | March 26 | - | March 27 | - | March 28 | 103.54 | March 29 | 104.34 | March 30 | 103.80 | March 31 | 106.19 |
Graph Of Oil Price March 2011
Data for table and graph: (Y Charts)

So I will start at the beginning. I will first explain the tops and peaks and the reasons. The first peak is on march 2, where the WTI crude oil spot price stands on 102.27, is quite a bit more than on the day before (99.63). This is because of the political uprisings against Khadafy in Libya. Libya is a big supplier of oil, but at
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