The Impacts of Wars on Oil Prices

DOI

10.2991/assehr.k.220704.031How to use a DOI?

Keywords

Oil price; Gulf war; Russia-Ukraine war prediction; Economics

Abstract

When wars emerge, the price of all goods and services would increase normally, especially for raw materials like oil. The study aims to analyze the relationship between several important wars and oil prices, including the factors which influence the fluctuation of oil price, and the similarities and differences of the oil price change in different wars. Through analyzing two wars, the first Gulf War and the second Gulf War, the similarities and differences of the fluctuation of the global oil price is found. And by analyzing the consequences of the fluctuation of the oil price during these two wars, the trend of oil price fluctuation due to the Russia-Ukraine war could be predicted.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Yumeng Sun
PY  - 2022
DA  - 2022/07/11
TI  - The Impacts of Wars on Oil Prices
BT  - Proceedings of the 2022 3rd International Conference on Mental Health, Education and Human Development (MHEHD 2022)
PB  - Atlantis Press
SP  - 167
EP  - 170
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220704.031
DO  - 10.2991/assehr.k.220704.031
ID  - Sun2022
ER  -