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Forecasting the price of oil is challenging and requires composite information. The decline in the price of oil is reflected in an increase in oil price volatility and uncertainty, which have relevant implications on the real economy. This column by N. Bashiri, A. Bastianin, E. Bortolussi, F. Conti, M. Manera and M. Nicolini focuses on the complex set of factors responsible for current oil price dynamics.

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