Do speculators drive crude oil prices? Dispersion in beliefs as a price determinant
AbstractThis article discusses the influence of speculators in the futures market on crude oil prices. The results suggest the dispersion in beliefs influences both crude oil prices and price volatility. --
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Bibliographic InfoPaper provided by Deutsche Bank Research in its series Research Notes with number 32e.
Date of creation: 2009
Date of revision:
crude oil market; futures market; speculation;
Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
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