This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy … and/or (2) accurate predictor of subsequent spot prices. While energy futures prices are generally unbiased predictors of …

This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy … and/or (2) accurate predictor of subsequent spot prices. While energy futures prices are generally unbiased predictors of …

This paper examines the relationship between spot and futures prices for commodities, including those for energy (crude … (1) an unbiased and/or (2) accurate predictor of subsequent spot prices. We find that while energy futures prices are …

markets -- The structure of metal markets and metal prices -- The oil market as a world market -- The gas market as the energy … and real options -- In the energy industry -- Coal, emissions, and weather -- Commodities as a new asset class …