Proceedings of the 2016 Conference on Information Technologies in Science, Management, Social Sphere and Medicine 2016
DOI: 10.2991/itsmssm-16.2016.21
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Estimation of economic wellbeing at falling price per barrel of oil

Abstract: Forecasts of economic growth in recent years are often revised for the worse. Not only in Russia but also in the global economy. Economic growth has stimulated the consumption of energy resources, including oil and therefore reduction in forecasts of economic growth have a negative impact on the oil market. For many commodities the dollar is important. With the growth of dollar commodity prices are beginning to fall in price, and vice versa. The growth of the dollar and oil volumes in the market led to a decli… Show more

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