Hache, Emmanuel; Lantz, Frédéric - In: Energy Economics 36 (2013) C, pp. 334-340
The aim of this paper is to study the oil price dynamic in West Texas Intermediate (WTI) market in the US. By using statistical and econometric tools, we first attempt to identify the long term relationship between WTI spot prices and the prices of futures contracts on the New York Mercantile...