Does speculation impact what factors determine oil futures prices?

Fabian Gogolin and Fearghal Kearney

Economics Letters, 2016, vol. 144, issue C, 119-122

Abstract: Recent studies provide contradictory evidence about the impact of speculation on commodity prices. Rather than directly evaluating this relationship we instead use a novel approach to assess if speculation can inform our choice of factor inclusion in modelling oil futures.

Keywords: Oil futures; Speculation; Fundamentals; Statistical factors (search for similar items in EconPapers)
JEL-codes: G10 G13 G15 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:144:y:2016:i:c:p:119-122

DOI: 10.1016/j.econlet.2016.05.007

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