Key determinant factors in oil price markets
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Keywords
Oil ; Price ; Shipping cycles ; Forecasting ; Crises ; TankersAbstract
Determining the oil price is a multifaceted issue in the shipping market. It is a process affected by numerous factors, in which various players and impactful events playing their part, not necessarily the same at all times. Its direct relation to the movements of the shipping markets, the trends of the shipping circles, geopolitical backgrounds, international crises, as well as the way the financial system works globally, highlight the complexity of synthesizing the large amount of information received, in order to predict oil price movements.