Do speculators drive crude oil prices? Dispersion in beliefs as a price determinant

This 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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Year of publication:	2009
Authors:	Möbert, Jochen
Publisher:	Frankfurt a. M. : Deutsche Bank Research
Subject:	Ölpreis \| Volatilität \| Rohstoff-Futures \| Wertpapierspekulation \| Erwartungstheorie \| Schätzung \| USA \| crude oil market \| futures market \| speculation

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Series:	Research Notes ; 32e
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	634349708 [GVK] hdl:10419/40638 [Handle] RePEc:zbw:dbrrns:32e [RePEc]
Classification:	C51 - Model Construction and Estimation ; G12 - Asset Pricing ; G18 - Government Policy and Regulation ; Q41 - Demand and Supply
Source:	EconStor

Persistent link: https://www.econbiz.de/10010302113