Sornette, Didier; Woodard, Ryan; Zhou, Wei-Xing - In: Physica A: Statistical Mechanics and its Applications 388 (2009) 8, pp. 1571-1576
We present an analysis of oil prices in USD and in other major currencies that diagnoses unsustainable faster-than-exponential behavior. This supports the hypothesis that the recent oil price run-up was amplified by speculative behavior of the type found during a bubble-like expansion. We also...