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Crude Oil Price Determinants

Möbert, Jochen (2007)
Crude Oil Price Determinants.
Report, Primary publication

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Item Type: Report
Type of entry: Primary publication
Title: Crude Oil Price Determinants
Language: English
Date: August 2007
Place of Publication: Darmstadt
Series: Darmstadt Discussion Papers in Economics
Series Volume: 186

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.

Uncontrolled Keywords: Crude oil market, Econometric modelling
URN: urn:nbn:de:tuda-tuprints-47416
Additional Information:

JEL - Classification : C51, Q41

Classification DDC: 300 Social sciences > 330 Economics
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
Date Deposited: 26 Aug 2009 13:23
Last Modified: 28 Jan 2016 07:48
URI: https://tuprints.ulb.tu-darmstadt.de/id/eprint/4741
PPN: 378263676
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