Visualizing oil prices
This assignment provides instructions on building the graph below and includes suggested writing prompts for out-of-class assignments.
From the FRED Blog
The post “The relationship among oil prices, food costs, and consumer inflation” uses data from the International Monetary Fund and the U.S. Energy Information Administration to discuss why the Global Price of Food Index and the price of crude oil generally move in the same direction and at the same time.
Quiz yourself on oil markets
Interpret graphs to answer questions about oil markets. These questions reinforce economic analysis and data literacy skills. Share the FRED dashboard with your students.