The weekly release of the U.S. inventory level by the DOE-EIA is known as the market mover in the U.S. oil futures … market and to be a significant piece of information for all world oil markets in which the WTI is a price benchmark. We …

This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the … the risk they are taking on? This work is based on a Structural Vector Autoregressive (SVAR) model of the crude oil market … that the historical decline of the risk premium can be modelled as a part of endogenous eff ect of the oil market driven …

In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural … market shock. This new shock is designed to capture an unanticipated change in the benefit of holding crude oil inventories … that is driven by financial incentives. We find evidence that financial market shocks have played an important role in …

existence of these inventories be explained? In the presence of sufficiently stochastic prices, oil extracting firms have an … - firms hold stockpiles intending to cash in on periods of particularly high prices. I argue that empirical evidence supports … the former but not the latter explanation. -- Petroleum Economics ; Stochastic Dynamic Optimization …

ability to explain crude oil futures prices are also considered, capturing macroeconomic, financial and oil …