The Preliminary Research on the System Essence of the Influence Factors of Oil Price

Tuo JI, Bo WU, Hui WANG

Abstract


View shows that oil price influence factor is a system. Oil prices are analyzed or forecast from the system concept. Factors, including OPEC production, global economic development, production costs, unexpected political events oil-producing countries, economic crises, natural environmental changes, and so is the system elements. The relationship between the various factors is the relationship between the elements. This relationship determines the structure of the system, that is, oil prices rise and fall. Article briefly analyzes the characteristics of the system.

Keywords


Oil prices, System, System elements, Structure factors


DOI
10.12783/dteees/icepe2017/11828

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