Question a is buying oil for 36 a barrel and selling it for, Ask an Expert

Management Studies

Question: a. Is buying oil for $36 a barrel and selling it for $20 per barrel a good business plan? How much profit did speculators earn, or how much money did they lose, on each barrel?

b. Why did the speculators follow this plan?

c. When the speculators sold their stored oil in the months after the war, did this massive resale tend to increase the price of oil or decrease it?

d. Do you think that many consumers complained about speculators or even realized that speculators were influencing the price of oil in spring 1991?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92652581

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