Analysis of the crude oil price trend

This bachelor thesis is focused on analysis of the price trend on crude oil WTI and crude oil Brent in last 30 years. This thesis aims to clarify important price changes of crude oil and to find out the main circumstances, which caused them, eventually how the factors affected the changes both in positive or negative way. Then determine the price prediction of both crude oil markets. Necessary information are tested by analysis tools used on time series, which are used to evaluate the price development of crude oil and the factors that affect the price trend. Thesis is divided into two main chapters. The first one is devoted to theoretical investigation. The second is practical, which is divided into three subchapters. Theoretical part summarizes main factors affecting the price development of crude oil such are war conflicts, natural influences and others. The first subchapter of practical part mutually compares the price trend of crude oil Brent and WTI. In following subchapter are individually researched significant events that caused the changes of crude oil price in already mentioned period. Last subchapter pays attention on prediction of price trend on both markets. The resulting survey shows up significant mutual dependence between both markets