Calendar Effects in the Market of Crude Oil

Anna Górska and Monika Krawiec

Problems of World Agriculture / Problemy Rolnictwa Światowego, 2015, vol. 15, issue 30, 9

Abstract: This paper investigates calendar effects in the crude oil market using daily data over the period January 4, 2000 to December 31, 2014 for two global oil pricing benchmarks: West Texas Intermediate (WTI) and Brent. Results of performing statistical tests of equality of two means and of equality of two variances reveal the presence of both day-of-the week and month-of-the-year effects.

Keywords: Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:polpwa:230857

DOI: 10.22004/ag.econ.230857

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