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Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market

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Listed:
  • Justin J. Lee
  • Jesse B. Thompson

Abstract

Initial estimates of global oil market balance, or the implied change in global inventories, are frequently used to identify supply shortages or surpluses. These have important implications for future oil prices. Initial inventory data undergo various revisions, which may contribute to inefficiencies in oil pricing.

Suggested Citation

  • Justin J. Lee & Jesse B. Thompson, 2017. "Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market," Economic Letter, Federal Reserve Bank of Dallas, vol. 12(13), pages 1-4, November.
  • Handle: RePEc:fip:feddel:00053
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