Descriptive Analysis of Change in Oil Prices over Time

MANAGEMENT ECONOMICS- 2

Introduction
With the changing time the prices of oil has
also been considered very important as the are
rising day by day and in this respective report
there is the descriptive analysis of change in
oil prices over different phases of time. The
price of crude oil is generally called the spot
price of barrel and the price of oil is identified
by the international demand instead of any
country's domestic productivity stage.

Effects of higher oil prices
• Higher prices have adverse effect on fiscal
deficit
• Impact on rupee
• Impact on current account deficit: