By Deng Yusong　

Date: 2004/09/13

Abstract:    

The price hike in international oil market is influenced by speculation; supply of oil is not affected by the changing price. In the near future, the international oil market will support a steady supply of oil as the bottom line and oil price may continue to vary frequently and increase by big margin. It is suggested to make responding strategies under different oil prices, establish an oil preserve system, and increase the regulation capacity of the state over oil price.