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Econometric analysis of oil price
 Novotný, Lukáš ; Formánek, Tomáš (advisor) ; Čížek, Ondřej (referee)
This bachelor thesis is focused on econometric analysis of oil price WTI. The purpose of the work is to find what factors have influence on the oil price. These factors are tested by econometric methods and after choosing the selected variables I tried to build up some models which describe the oil price WTI movements. In building up the models I am using econometric approaches to correct the models. The bachelor thesis is divided into 3 main chapters -- two of them are theoretical and the last chapter is practical. In the theoretic parts there is a summary of oil facts, extraction, processing of oil, oil market and there is a description of selected econometric methods. In practical part there are my own models and comments on the results. The resulting models show weaker effect of traditionally expected factors like supply and demand for oil and on the other hand greater influence of other factors like global financial crisis or oil stocks. The bachelor thesis leads to proving some thesis from the used literature. It also shows the complexity of creating oil price.
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