Baumeister Christiane & Kilian Lutz
Titre Ouvrage:Understanding the Decline in the Price of Oil since June 2014
Édition:Paper 501. Center for Financial Studies, January
More than half of the decline in the price of oil was predictable in real time as of June 2014 and therefore must have reflected the cumulative effects of earlier oil demand and supply shocks ; the difference in the evolution of the price of oil, which declined by 44% over this period, compared with other commodity prices, which on average only declined by about 5%-15%, reflects oil-market specific developments that took place prior to June 2014.
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