Sheep in Wolves' Clothing? Speculators and Price Volatility in Petroleum Markets

R.J. Weiner

Working Papers from Laval - Recherche en Energie

Abstract: This paper looks at speculative behavior in one of the largest, and most volatile, international financial markets, petroleum derivatives. It utilizes a large, detailed database on individual trader positions in crude-oil and heating-oil futures markets. The paper is exploratory, focusing on measuring and assessing the tendency of speculators to herd.

Keywords: FINANCIAL MARKET; PETROLEUM; PRICES (search for similar items in EconPapers)
JEL-codes: G10 Q40 Q41 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:lavaen:00-01

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