Do Speculators Drive Crude Oil Futures Prices?
Bahattin Büyükşahin; Jeffrey H. Harris · 2011 · The Energy Journal
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract
The coincident rise in crude oil prices and increased number of financial participants in the crude oil futures market from 2000-2008 has led to allegations that “speculators” drive crude oil prices. As crude oil futures peaked at $147/bbl in July 2008, the role of speculators came under heated debate. In this paper, we employ unique data from the U.S. Commodity Futures Trading Commission (CFTC) to test the relation between crude oil prices and the trading positions of various types of traders in the crude oil futures market. We employ Granger Causality tests to analyze lead and lag relations
Abstract by Bahattin Büyükşahin; Jeffrey H. Harris, The Energy Journal (2011) — licensed CC BY 4.0.
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Metadata source: OpenAlex · DOI 10.5547/issn0195-6574-ej-vol32-no2-7