Factors that affecting oil price in Malaysia

This research is to study about the Factors that Affecting Oil Price in Malaysia. There are four independent variables that have been choosing for this research. The independent variables are inflation (IF), exchange rate of currency (EC), gross domestic product (GDP) and trade balance (TB). This research use time series data between the years 1988-2016 which the total number of observation is 29 years. Multiple linear regression models have been applied to study the relationship between independent variables and dependent variable. From the empirical result off equation has shown that only inflation and trade balance significantly affects oil price. However, exchange rate of currency and gross domestic product show an insignificant relationship on oil price.