What are factor that led to an increase in current oil price

Reference no: EM133550253

Journal Problem

The purpose of this problem is to identify the factors that led to an increase in oil prices. Please read an article on the topic in The Wall Street Journal or any other scholarly reference and address the following points:

Question A. What are the factors that led to an increase in the current oil price?
Question B. Do these factors cause a shift in demand or supply?
Question C. Would this cause a shortage or a surplus of oil in the market?
Question D. How did the U.S. government intervene to stabilize the market in the short run?

Reference no: EM133550253

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