Crude Oil Price Determinants

Jochen Möbert

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

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.

JEL-codes: C51 Q41 (search for similar items in EconPapers)
Date: 2007-08
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/77383/
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Published in Darmstadt Discussion Papers in Economics . 186 (2007-08)

Downloads: (external link)
http://tuprints.ulb.tu-darmstadt.de/4741

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:77383

Access Statistics for this paper

More papers in Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) Contact information at EDIRC.
Bibliographic data for series maintained by Dekanatssekretariat ().