In this paper we investigate crude oil and products price dynamics. We present a comparison among ten price series of … crude oils and fourteen price series of petroleum products, considering four distinct market areas (Mediterranean, North … and product price dynamics using cointegration and error correction models. Subsequently we use the error correction …

The existing literature on price asymmetries does not systematically investigate the sensitivity of the empirical … of the three most popular models designed to describe asymmetric price behaviour, namely asymmetric ECM, autoregressive … behaviour. However, the type of market and the number of countries which are characterized by asymmetric oil-gasoline price …

producing accurate forecasts of the WTI spot price. …The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that …

In this paper the oil price-macroeconomy relationship is investigated from a global perspective, by means of a large … recessionary effects during the first and second Persian Gulf War and 2008 oil price episodes; preferences, speculative and …

different types of econometric models for oil price forecasting. Several specifications have been proposed in the economic …). The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should … empirical findings can be summarized as follows. Financial models in levels do not produce satisfactory forecasts for the WTI …

Crude oil prices have been fluctuating over time and by a large range. It is the disorganization of oil price series … that makes it difficult to deduce the changing trends of oil prices in the middle- and long-terms and predict their price … levels in the short-term. Following a price-state classification and state transition analysis of changing oil prices from …

We study the impact of oil price shocks on U.S. stock market volatility. We derive three different structural oil shock … structural VAR models, one for each oil price shock. Identification is achieved by assuming that the price of crude oil reacts to … stock market volatility only with delay. This implies that innovations to the price of crude oil are not strictly exogenous …