A Statistical Analysis of Brent and OPEC Prices on GCC Stock Markets

Authors

  • Dr. Atul Rawal  Assistant Professor, Garware Institute, University of Mumbai, India

Keywords:

BRENT, OPEC, Stock Market

Abstract

In this research paper, the researcher focused on the statistical analysis report on BRENT and OPEC oil prices and its significant impact on GCC stock market. The researcher stated that number of factors which are responsible for prices of oil and effected to the GCC stock market. It is stated that some of the factors such as Crude Oil Costs , Current supply and output, Future supply and reserves, Demand from major countries, Political events and crises which are directly predicted to the oil prices and having a strong impact of GCC Stock market. The researcher used the statistical analysis tools to identify BRENT and OPEC oil prices and their significant impact on GCC Stock market. As with any commodity, stock or bond, the laws of supply and demand cause oil prices to change. When supply exceeds demand, prices fall and the inverse is also true when demand outpaces supply. While supply and demand affect oil prices, it is actually oil futures that set the price of oil and predicted to GCC Stock market. The cost of crude oil as a share of the retail gasoline price varies over time and across regions of the country. Crude oil prices are determined by both demand and supply. World economic growth is the most significant factor for demand.

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International Journal of Scientific Research in Science and Technology

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Published

2019-05-30

Issue

Volume 6, Issue 3, May-June-2019

Section

Research Articles

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How to Cite

[1]
Dr. Atul Rawal, " A Statistical Analysis of Brent and OPEC Prices on GCC Stock Markets, International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011, Volume 6, Issue 3, pp.429-440, May-June-2019.