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Find data on oil price changes over the last decade or so, and present the data on an appropriate group. Comment briefly on the trends shown by this data. Introduction In this assignment I need to find data on oil price changes over the last decade and present the data on a graph and comment on the trends shown by the data. I have compiled some data on Brent Crude oil which I have presented in a graph. The data has been researched from www.opec.org. What is crude oil? Crude oil is a mixture of hydrocarbons that exists in a liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. Figure 1 shows the price on Brent Crude oil from 1996 to 2005. The oil prices have fluctuated throughout these years. After 2003 the prices have started increasing excessively during uncertainties about Iraq and the Middle...

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