This paper presents some empirical evidence on market efficiency and unbiasedness in the
crude oil futures market and some related issues. On the basis of monthly observations on …

Crude oil, heating oil, and unleaded gasoline futures contracts are simultaneously analysed
for their effectiveness in reducing price volatility for an energy trader. A conceptual model is …

In this study, we empirically analyze the price discovery process in the futures and spot
markets for crude oil, heating oil and natural gas using daily closing prices. We use two …

Examines the relationship between contemporaneous spot and futures oil prices and the
role of arbitrage and speculation in determining futures prices. The behavior of the …

The adoption of the market-related pricing system in 1986 opened a new chapter in the
history of oil price determination. It represented a shift from a system in which prices were …

This paper examines the relationship between futures and spot electricity prices for two of
the Australian electricity regions in the National Electricity Market (NEM): namely, New South …

The purpose of this study is to identify the extent of relative efficiency of the futures contracts
of crude oil, traded in the multi commodity exchange of India limited. This study examines …

This paper examines petroleum futures (crude oil, heating oil, and unleaded gasoline) at the
New York Mercantile Exchange (NYMEX) and its relation of futures trading activities and …

This study presents a theoretically consistent model of the short-run behavior of the US
refining industry. The main focus of the study is on the analysis of the refining industry's …

Nel settore petrolifero, i manager delle raffinerie sono interessati alla copertura della
differenza tra i costi di ingresso e prezzi d'uscita. I profitti delle raffinerie sono legati …