The Lead–Lag Relationship between Oil Futures and Spot Prices—A Literature Review

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26867184%3A_____%2F18%3AN0000024" target="_blank" >RIV/26867184:_____/18:N0000024 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.3390/ijfs6040089" target="_blank" >http://dx.doi.org/10.3390/ijfs6040089</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/ijfs6040089" target="_blank" >10.3390/ijfs6040089</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Lead–Lag Relationship between Oil Futures and Spot Prices—A Literature Review

Popis výsledku v původním jazyce

Crude oil is the dominant energy resource worldwide. The focus of this paper is on its historical behaviour and subsequent implications for the global economy with an emphasis on the lead–lag relationship between spot and future prices. The paper examines the behaviour of oil spot and future prices and their determinants during periods of market uncertainty, particularly in the context of economic and financial crises. The analysis highlights a key controversy within the extant literature, as to whether spot or futures prices are the main crude oil price indicator. The literature review indicates that the lead–lag relationship is a dynamic one, especially during periods of sustained uncertainty, which leads to significant disagreements and incongruities among researchers regarding the price that plays a dominant role.

Název v anglickém jazyce

The Lead–Lag Relationship between Oil Futures and Spot Prices—A Literature Review

Popis výsledku anglicky

Crude oil is the dominant energy resource worldwide. The focus of this paper is on its historical behaviour and subsequent implications for the global economy with an emphasis on the lead–lag relationship between spot and future prices. The paper examines the behaviour of oil spot and future prices and their determinants during periods of market uncertainty, particularly in the context of economic and financial crises. The analysis highlights a key controversy within the extant literature, as to whether spot or futures prices are the main crude oil price indicator. The literature review indicates that the lead–lag relationship is a dynamic one, especially during periods of sustained uncertainty, which leads to significant disagreements and incongruities among researchers regarding the price that plays a dominant role.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Financial Studies

ISSN

2227-7072

e-ISSN

—

Svazek periodika

6

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

22

Strana od-do

1-22

Kód UT WoS článku

000455391100008

EID výsledku v databázi Scopus

—