An Analysis Oncrude Oil Price Mutation in View of Zeeman's Catastrophe Machine

AbstractWith the acceleration of internationalmarket integration and the frequent outbreak of international political and economic events, the volatility of oil priceshas continued toincrease in recent years. As the main source of energy, crude oil plays an important role in the development of a country's economy. Therefore, it is meaningful to study the mutation of oil prices. Based on the Zeeman's catastrophe machine, USDX and excess demand are selected as two main factors to construct the catastrophe model, which helps to explain the structural relationship between USDX and excess demand when the crude oil price mutates