Does Speculation Impact What Factors Determine Oil Futures Prices?
6 Pages Posted: 14 Jun 2016
Date Written: May 11, 2016
Recent studies provide contradictory evidence about the impact of speculation on commodity prices. Rather than directly evaluating this relationship we instead use a novel approach to assess if speculation can inform our choice of factor inclusion in modelling oil futures.
Keywords: Oil futures; Speculation; Fundamentals; Statistical factors
JEL Classification: G10, G13, G15
Suggested Citation: Suggested Citation