The aim of this paper is to investigate the existence of a long-term relationship between the forward prices of crude oil and domestic fuel (FOD) on the period from August 2003 to April 2010. To this end, we rely on a panel data setting by considering a sample of 36 maturities for the forward...

The importance linked to the economic effects of raw materials prices movements has led the G20 to address for the first time the issue of excessive fluctuations and volatility of commodity prices. Thus, during the September 2009 Pittsburgh summit, the commitment was taken to improve the...