Möbert, Jochen (2007)
Crude Oil Price Determinants.
Report, Bibliographie
Kurzbeschreibung (Abstract)
Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price. Current price movements are a result of scarce refining capacity and speculators betting on higher prices. The results also question OPEC’s market power.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2007 |
| Autor(en): | Möbert, Jochen |
| Art des Eintrags: | Bibliographie |
| Titel: | Crude Oil Price Determinants |
| Sprache: | Englisch |
| Publikationsjahr: | August 2007 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 186 |
| URL / URN: | http://econstor.eu/bitstream/10419/32075/1/541680129.PDF |
| Kurzbeschreibung (Abstract): | Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price. Current price movements are a result of scarce refining capacity and speculators betting on higher prices. The results also question OPEC’s market power. |
| Freie Schlagworte: | Crude oil market, Econometric modelling |
| Zusätzliche Informationen: | JEL - Classification : C51, Q41 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete |
| Hinterlegungsdatum: | 26 Aug 2009 13:23 |
| Letzte Änderung: | 29 Mai 2016 21:17 |
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