Student Work

Oil Market Analysis for Teal

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The goal of our project was to identify key economic indicators that have a significant influence on the price of oil per barrel. We identified five key indicators: Change in Inventory, OPEC Policy, GDP, Rig Count, Social/Environmental Factors. We used SPSS to build a linear multi-regression model between the dependent variable (price of oil) and the five indicators. We identified statistically significant variables and examined multiple scenarios in respective case of fluctuations in social/environmental factors and OPEC policy.

  • This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
Creator
Publisher
Identifier
  • E-project-012917-211146
Advisor
Year
  • 2017
Sponsor
Date created
  • 2017-01-29
Resource type
Major
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Last modified
  • 2020-12-27

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Permanent link to this page: https://digital.wpi.edu/show/6t053h472