Impact Of World Oil Price On Kazakhstan's Financial Markets

Oil has acquired the ability to unite and divide entire nations and has become a determining factor in the political and economic relations of countries.Characterizing an oil as a commodity,noted that an oil is inelastic demand and supply.Oi1 has no close and convenient substitutes,un?like,for example,food or cars.This raw material is one of the priority import goods and a source of huge export earnings for the Republic of Kazakhstan.When the price of oil depreciates,this fact is devastating for the country.When the price of oil depreciates,this fact is devastating for the country.Observing the current dynamics of world oil prices,the representatives of the oil business understand that a small change in the supply on the market can change the oil equilibrium price several times,and the process of developing a new oil field takes years.Therefore,the analysis of the prerequisites and consequences of the impact of world oil prices on the financial market of the Republic of Kazakhstan is an important issue for the country's economists,which is also the goal of this study.To achieve the goal,we consider the well-known APT model used to determine factors such as the market portfolio that affects the expected return.Comparative analysis of the study,use the data of the study that assesses the role of the Republic of Kazakhstan in the World oil market and characterize the current state of the World's largest oil exporter countries,such as America.Canada,France mnd the OPEC countries.