The price of oil (a barrel of oil) has been in flux over the past 3 months.
Develop a 3 to 4-page paper that researches and tracks the price of oil,
discusses the reasons that the oil price has changed from your research, and
also discusses what the price of oil might be in 3 months from your research.
Please put this paper in the drop-box for individual project 1.
Oil is a very capital-intensive product. It requires a lot of money and effort
before it gets to the consumer. There is exploration and extraction part of
production which is costly and time consuming. Then it is processed and
transported to refineries and marketed as gasoline/deseil, as lubricants or
