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Crude Oil Price Determinants

Möbert, Jochen :
Crude Oil Price Determinants.
[Online-Edition: http://econstor.eu/bitstream/10419/32075/1/541680129.PDF]
In: Darmstadt Discussion Papers in Economics , 186 . Darmstadt
[Report], (2007)

Offizielle URL: 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.

Typ des Eintrags: Report
Erschienen: 2007
Autor(en): Möbert, Jochen
Titel: Crude Oil Price Determinants
Sprache: Englisch
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.

Reihe: Darmstadt Discussion Papers in Economics
Band: 186
Ort: Darmstadt
Freie Schlagworte: Crude oil market, Econometric modelling
Fachbereich(e)/-gebiet(e): 01 Fachbereich Rechts- und Wirtschaftswissenschaften
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete
Hinterlegungsdatum: 26 Aug 2009 13:23
Offizielle URL: http://econstor.eu/bitstream/10419/32075/1/541680129.PDF
Zusätzliche Informationen:

JEL - Classification : C51, Q41

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