TY - JOUR AU - Vallejo Zamudio, Luis E. PY - 2015/08/21 Y2 - 2024/03/29 TI - The fall in oil prices and its impact on the Colombian economy JF - Apuntes del Cenes JA - Apuntes CENES VL - 34 IS - 60 SE - Editorial DO - 10.19053/22565779.3534 UR - https://revistas.uptc.edu.co/index.php/cenes/article/view/3534 SP - 9-10 AB - <p>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.</p> ER -