PECULIARITIES OF PRICING AT THE OIL MARKET AND RUSSIA’S ECONOMY
For many countries, peculiarities of pricing in the oil market are of strategic importance due to the need for minimizing the risks associated with price volatility. The main purpose of my research was the identification of trends, factors and patterns that affect oil quotes and the identification of methods and actions for comprehensive analysis, forecasting, and minimizing risks. The study revealed that the price of oil was influenced by many factors and players that had been changing significantly throughout the period of existence of the oil market. Now among these factors and players are: OPEC, speculators, shale companies, which have become new swing producers, the dollar exchange rate and others. The author concluded that a comprehensive, competent analysis of trends, the development of petrochemicals and oil refining is important for risk hedging.