World commodities: oil

This book looks at the basic resource, oil, and its uses, its benefit to the economy and how it is traded as a commodity in the global marketplace. It introduces basic economic concepts and principles – such as markets and price indexes – and shows trends in world commodity prices as well as explores the reasons for price changes.

With many graphs, charts, maps and diagrams as well as timelines and expert views, this book illustrates commodity pricing as a way of understanding global and economic issues.