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Global oil prices have taken a sharp fall since the middle of 2014. This is generally good news for us at the pumps, but what are the causes of these fluctuations in what is a very volatile and complex market?
Economics students can look at the oil shocks of the 1970s to better understand what factors led to the situation unfolding in the way that it did, using the in-depth reports, analysis, and downloadable data found in the Economist Intelligence Unit Country Reports Archive.