The fall in oil prices and its impact on the Colombian economy

Authors

  • Luis E. Vallejo Zamudio UPTC

DOI:

https://doi.org/10.19053/22565779.3534

Abstract

The price of oil has dropped considerably over the past nine months. The Brend variety, the benchmark for Colombia, dropped from US$ 115 to US$ 55 a barrel, between June 2014 and March 2015. The lowest price was recorded on January 28 of this year, when it traded at US$44.45 a barrel. Such a rapid and pronounced fall had not happened before. The price variation and the way in which it took place were due as much to factors of demand as of supply.

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Published

2015-08-21
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How to Cite

Vallejo Zamudio, L E. (2015). The fall in oil prices and its impact on the Colombian economy. Apuntes del Cenes, 34(60), 9–10. https://doi.org/10.19053/22565779.3534

Issue

Vol. 34 No. 60 (2015)

Section

Editorial

License

Copyright (c) 2015 Luis E. Vallejo Zamudio

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.