Assignment The Key Concepts In Economics

Economic Article Students Name Institution Economic Article Crude prices sink on China slowdown concerns.CNBC News. Retrieved from HYPERLINK http//www.cnbc.com/2015/08/23/us-crude-dips-to-around-40-on-demand-concerns-supply-glut.html http//www.cnbc.com/2015/08/23/us-crude-dips-to-around-40-on-demand-concerns-supply-glut.html. This economic article discusses the adverse impacts of falling oil prices across the world. So far, the oil prices have fallen by more than 6 per cent to a fresh 6.5 year lows at the current sessions. One of the main economic concepts is the increased supply of oil across the globe. The plentiful supply of oil was adversely affected by the China led global economic downturn. Secondly, the market structures of the Chinese economy have suffered the largest drop since the past financial crisis. This led to the huge sell offs in global equities and commodities, in which lead to the wiping off more than 400 billion Euros. The oil market fundamentals triggered a fall in the markets. Thus, the choice of the Chinese authorities to allow the markets to depend on the supply and demand forces led to the recent Chinese downturn. In addition, world oil producers met to discuss appropriate ways of stabilizing the oil prices. Finally, the costs of oil prodiction have remained steady. For instance, Iran has continued to defend its oil market share by