Determining the equilibrium point for Brent Crude

Determining the price for the Brent Crude can be a stern task. A graph can be drawn based on the supply and demand, the graph of which can determine the curve that can allow stability of the prices based on the demand of the crude oil. Prices of the Brent Crude is taken as a reference against the supply-demand curve, which will allow prices to fall under the equilibrium range based on the stretch or curve. Here is an approach.

Equilibrium Point of demand versus supply with the change of Brent Crude

 

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