Introduction –
Since the WWII, the global economy and the factors revolving around the major markets, like the
International Oil Market, International Gold Market, saw a significant change. When major banks
were created, countries in South Asia saw a major growth in the economy. Their Purchasing Power
Parity was 65% when compared to the World Economy. South Asian Developing Countries, like India
and China were paramount contributors to the growth in demand for Oil in the recent decade. To
stimulate the economy from the economic downturns, like the 2008 global financial crisis, every
country has taken precautions and alternative policies to be able to sustain themselves.
Although, Crude oil is the most basic global necessity, the fluctuations in the prices of Crude Oil
affects the economy directly and indirectly. Crude Oil prices have gone as high as $165 in the last 20
