Chiou-Wei, Song-Zan; Linn, Scott C.; Zhu, Zhen - In: Journal of International Money and Finance 42 (2014) C, pp. 156-173
We study the behavior of U.S. natural gas futures and spot prices on and around the weekly announcements by the U.S. Energy Information Administration of the amount of natural gas in storage. We identify an inverse empirical relation between changes in futures prices and surprises in the change...