Möbert, Jochen (2007):
Crude Oil Price Determinants.
In: Darmstadt Discussion Papers in Economics, 186, Darmstadt, [Report]
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.
| Item Type: | Report |
|---|---|
| Erschienen: | 2007 |
| Creators: | Möbert, Jochen |
| Title: | Crude Oil Price Determinants |
| Language: | English |
| 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. |
| Series: | Darmstadt Discussion Papers in Economics |
| Series Volume: | 186 |
| Place of Publication: | Darmstadt |
| Uncontrolled Keywords: | Crude oil market, Econometric modelling |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete |
| Date Deposited: | 31 Jan 2016 20:55 |
| URL / URN: | http://tuprints.ulb.tu-darmstadt.de/4741 |
| URN: | urn:nbn:de:tuda-tuprints-47416 |
| Additional Information: | JEL - Classification : C51, Q41 |
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