Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32075
Authors: 
Möbert, Jochen
Year of Publication: 
2007
Series/Report no.: 
Darmstadt Discussion Papers in Economics 186
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.
Subjects: 
Crude oil market
Econometric modelling
JEL: 
C51
Q41
Document Type: 
Working Paper

Files in This Item:
File
Size
404.41 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.