What are the possible causes and consequences of oil prices on the overall economy?

What a daunting question! Oil is an essential commodity, and almost all in an individual capacity use it. Any change in oil prices will directly be passed to the consumers which have a significant impact on the cost of living. Experts believe an increase of $10/barrel in crude oil prices could raise inflation by 10 basis points (0.1%).

With oil prices rapidly changing in the recent past, it is hard not to wonder what has caused it and just what effect it might have on the rest of the economy and, particularly, individuals. This report delves deep. Click here to download.

Download Causes and Consequences of Oil Prices on the Economy Report