Spot price of West Texas Intermediate in relation to the price of Brent Crude. Historically price differences between Brent and other index crudes have been based on physical differences in crude oil specifications and short-term variations in supply and demand.
When does market failure occur? Whenever resources are not allocated efficiently. ie. total surplus is not maximised. What are the main types of market failure?
How the global economic turmoil will play out in the U.S. A screen on the floor of the New York Stock Exchange shows the the Dow Jones industrial average briefly dropping more than 1,000 points in morning trading on Aug. 24. Here's a look at why global stock markets are falling and what it might mean for American workers and investors. What is causing the global stock market meltdown? The stock market plunge was triggered by Chinaâs move two weeks ago to devalue its currency.