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Author : Brian K. Johnson
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (186 download)
Download or read book Factors Influencing Daily Trading Volume in the Crude Oil Futures Market written by Brian K. Johnson and published by . This book was released on 1988 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Johannes Sailer
Publisher : GRIN Verlag
ISBN 13 : 3656159513
Total Pages : 32 pages
Book Rating : 4.6/5 (561 download)
Download or read book The Correlation Between Physical and Financial Crude Oil Markets written by Johannes Sailer and published by GRIN Verlag. This book was released on 2012-03-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Business economics - Miscellaneous, grade: 1,6, Humboldt-University of Berlin (School of Business and Economics ), course: Power Games in Energy Markets, language: English, abstract: Crude oil is currently the most important source of energy in the world. Thanks to advanced production and extraction methods, and due to new discoveries, the available reserves have grown over the last ten years. During this period of time, oil prices rose considerably. These increases in price are associated with the increasing energy demands of growing economies across the planet and a shifting of weight between the physical and financial oil market. The goal of this work is to examine the correlation between physical and financial crude oil markets as well as establish an explanation for the drastic increase in crude oil price in the past decade. The work is organized as follows: To begin, the characteristics of crude oil as well as its value chain are presented and examined. This is followed by an explanation of the physical and financial oil trade. To conclude, the fundamentals of the world oil market and the financial oil trade are examined to determine the relevance of causation with respect to the recent price increase.
Author : George Xianzhi Yuan
Publisher : World Scientific
ISBN 13 : 9811223211
Total Pages : 274 pages
Book Rating : 4.8/5 (112 download)
Download or read book Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading written by George Xianzhi Yuan and published by World Scientific. This book was released on 2020-10-23 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI Oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI Oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI Oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system.This event challenges not just our basic concepts of 'value' and trading 'price' of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties.The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI Oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application.
Author : Mr.Manmohan S. Kumar
Publisher : International Monetary Fund
ISBN 13 : 1451951116
Total Pages : 54 pages
Book Rating : 4.4/5 (519 download)
Download or read book Forecasting Accuracy of Crude Oil Futures Prices written by Mr.Manmohan S. Kumar and published by International Monetary Fund. This book was released on 1991-10-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared with that of forecasts using alternative techniques, including time series and econometric models, as well as judgemental forecasts. The paper also explores the predictive power of futures prices by comparing the forecasting accuracy of end-of-month prices with weekly and monthly averages, using a variety of different weighting schemes. Finally, the paper investigates whether the forecasts from using futures prices can be improved by incorporating information from other forecasting techniques.
Author : Sankar Srinivasan
Publisher : Srinivasan Sankara Narayanan
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.2/5 (238 download)
Download or read book Crude Trading Guide written by Sankar Srinivasan and published by Srinivasan Sankara Narayanan. This book was released on 2023-06-25 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Crude Trading Guide" is the ultimate guide that equips you with the knowledge and strategies needed to navigate the complex and dynamic oil markets successfully. This comprehensive book covers everything you need to know to become a skilled crude oil trader. From understanding the fundamentals of crude oil and its global significance to analyzing market trends and implementing effective trading strategies, this guide is your go-to resource. With a focus on practicality, "Crude Trading Guide" provides detailed insights into the supply and demand dynamics of the crude oil market, factors influencing oil prices, and the various crude oil grades and benchmarks. You'll gain a deep understanding of the key participants in the market and learn how to interpret and analyze market data using both fundamental and technical analysis. The book also delves into advanced topics such as spread trading, options and futures trading, risk management techniques, and the role of technology in modern crude trading. You'll discover effective day trading and swing trading strategies, as well as long-term investing approaches that can yield consistent profits. To ensure your success, "Crude Trading Guide" offers practical advice on building a successful trading routine, setting goals, developing discipline, and continuously learning and adapting to market changes. It also covers advanced techniques such as spreads and crack spreads, seasonal trading, hedging strategies, and insights into market manipulation and algorithmic trading. Furthermore, the book explores the future of crude trading, considering evolving market dynamics, environmental factors, technological advancements, and the transition towards renewable energy. It prepares you for the opportunities and challenges that lie ahead in the rapidly changing world of crude oil trading. Written by Sankar Srinivasan, an industry expert, "Crude Trading Guide" is a comprehensive and accessible guide that combines technical knowledge with practical insights, making it suitable for both beginner and experienced traders. Whether you aspire to become a full-time trader or simply want to expand your investment portfolio, this book will empower you to make informed trading decisions and maximize your profits.
Author : Ms.Malika Pant
Publisher : International Monetary Fund
ISBN 13 : 1455202207
Total Pages : 19 pages
Book Rating : 4.4/5 (552 download)
Download or read book Peaks, Spikes, and Barrels written by Ms.Malika Pant and published by International Monetary Fund. This book was released on 2010-08-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global oil markets were roiled by sharp price swings in 2008, and economists are still divided over the reasons for the unusual volatility. Those emphasizing fundamentals point to inelastic supply and demand curves, others view the phenomenon mostly as a result of financial investors flocking into commodity markets. This paper attempts to infer the strength of these competing hypotheses, using a simultaneous equation model that enables us to undertake a separate analysis of supply and demand factors. The model broadly captures both the surge and subsequent fall in prices, with a particularly strong impact of demand factors. The model captures a strong effect of a measure for global liquidity but does not find support for a speculative motive.
Author : Thomas Hoehl
Publisher : GRIN Verlag
ISBN 13 : 3656047715
Total Pages : 89 pages
Book Rating : 4.6/5 (56 download)
Download or read book Fundamentals, Speculation, and the Pricing of Crude Oil Futures written by Thomas Hoehl and published by GRIN Verlag. This book was released on 2011-11 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Economics - Finance, grade: 8,0, Maastricht University (School of Business and Economics), language: English, abstract: This study finds that while a large part of the variation in crude oil futures prices is driven by fundamental factors, financial investment and speculation has the potential to aggravate reactions to changing fundamental variables and furthermore move prices on its own. The evidence is gathered by performing linear regressions and Granger Causality tests on futures returns, position data of different categories of futures traders on the New York Mercantile Exchange and proxies for relevant fundamental factors such as equity and exchange rate returns gathered from August 2006 to December 2010. While higher prices for crude oil naturally come along with increasing physical demand and finite world supply, future regulation might temper market volatility and guarantee that prices reflect a sustainable physical market equilibrium. The study also gives an overview of commodity market regulation and position limits on futures markets.
Author : Milos [Verfasser] Zarkovic
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (12 download)
Download or read book Futures Contracts and Trading Oil on the Oil Exchange written by Milos [Verfasser] Zarkovic and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil is the most important raw material of todays world with enormous influence on the global economy. It influences every segment of modern society either directly as an input, or indirectly through its price. The objective of this Masters Thesis was to analyse factors influencing oil price, ways of trading with it on exchanges, impact of crude oil futures on stock price variability, as well as factors leading to sudden changes in oil price. The main research question was: What are the effects of energy shocks from the financial market perspective? The second research question was: What is the impact of the dramatic oil price rise in the years 2000 to about 2007 on the stock market? Analysing past movements of market variables and previous researches related to research questions was used for research approach. The analysis showed only low correlation of oil futures returns to stock market returns except for oil companies. On the other hand, oil price, stock markets and exchange rates moved together in a long run. In the periods of oil shocks, there were also crises on real estate market as a consequence of lowering purchase power of people and demand on the real estate market. *****Oil is the most important raw material of todays world with enormous influence on the global economy. It influences every segment of modern society either directly as an input, or indirectly through its price. The objective of this Masters Thesis was to analyse factors influencing oil price, ways of trading with it on exchanges, impact of crude oil futures on stock price variability, as well as factors leading to sudden changes in oil price. The main research question was: What are the effects of energy shocks from the financial market perspective? The second research question was: What is the impact of the dramatic oil price rise in the years 2000 to about 2007 on the stock market? Analysing past movements of market variables and previous researches related to research questions was used for research approach. The analysis showed only low correlation of oil futures returns to stock market returns except for oil companies. On the other hand, oil price, stock markets and exchange rates moved together in a long run. In the periods of oil shocks, there were also crises on real estate market as a consequence of lowering purchase power of people and demand on the real estate market.
Author : Hossein Razavi
Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.:/5 ( download)
Download or read book Oil Futures Trading written by Hossein Razavi and published by . This book was released on 1984 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ferdinand E. Banks
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.0/5 ( download)
Download or read book Oil Futures Markets written by Ferdinand E. Banks and published by . This book was released on 1987 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Petko S. Kalev
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)
Download or read book Trading Activity and Price Discovery of the Chinese Crude Oil Futures Contract written by Petko S. Kalev and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using high-frequency intraday data sampled on half-a-second frequencies for the Chinese crude oil futures contract (SC), we examine and compare trading dynamics of SC with both WTI and Brent oil futures contracts. We use a modified volume method to create a continuous SC time series, facilitating comparisons to both WTI and Brent oil securities. First, we present descriptive results for SC trading characteristics for the three trading sub-periods (morning, afternoon, and overnight sessions). Next, we examine the key market quality variables: price volatility, intraday trading volume, and liquidity for any of the trading sessions. Finally, we perform a price discovery analysis using the state-of-the-art Information Leadership Share metric. In contrast to the prior literature, we find that the SC dominates the WTI throughout all trading sessions. The Brent dominates the SC during the overnight session. However, the SC contributes more to the price discovery process during both daily trading periods. Our findings are of interest to oil traders, commodity investors, futures exchange officials, and financial risk managers seeking to understand or engage with the Chinese oil futures markets.
Author : Ronald D. Ripple
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (182 download)
Download or read book The Effect of Maturity, Trading Volume, and Open Interest on Crude Oil Futures Price Ranged-based Volatility written by Ronald D. Ripple and published by . This book was released on 2007 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Adi Imsirovic
Publisher :
ISBN 13 : 9783030717193
Total Pages : 0 pages
Book Rating : 4.7/5 (171 download)
Download or read book Trading and Price Discovery for Crude Oils written by Adi Imsirovic and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today-the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with 'big oil', economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of 'oil price' and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the 'price of oil'. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own 'posted' price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or 'paper barrels' trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the 'price of oil' is explained in detail. Adi Imsirovic is a Senior Research Fellow at the Oxford Institute for Energy Studies (OIES). He was a Head of Oil Trading at Gazprom Marketing & Trading, Director, a regional manager of Petraco, Singapore, and a Regional Head of trading for Texaco in Asia. Adi taught Energy Economics as well as Resource and Environmental Economics at Surrey University for several years. He has published a number of papers and book chapters on the subject of oil prices, benchmarks, and energy security. Adi is a Fulbright Scholar and studied at the Graduate School of Arts and Sciences, Harvard University. @AdiSurreyEnergy.
Author : Martin J. Pring
Publisher : Irwin Professional Publishing
ISBN 13 : 9780786311767
Total Pages : 0 pages
Book Rating : 4.3/5 (117 download)
Download or read book Martin Pring on Market Momentum written by Martin J. Pring and published by Irwin Professional Publishing. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Martin Pring's book is the first in-depth look at the subject of market momentum and is heavily illustrated with graphs and charts that provide visual examples of every theory and concept relating to investments and the markets
Author : Bassam Fattouh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Anatomy of the Crude Oil Pricing System written by Bassam Fattouh and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hrushikesh Mallick
Publisher : Springer Nature
ISBN 13 : 9464630981
Total Pages : 2160 pages
Book Rating : 4.4/5 (646 download)
Download or read book Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) written by Hrushikesh Mallick and published by Springer Nature. This book was released on 2023-01-13 with total page 2160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) to be held in Chongqing (Online) on October 14-16, 2022. As the leader of the global trend of scientific and technological innovation, China is constantly creating a more open scientific and technological innovation environment, expanding the depth and breadth of academic cooperation, and building a shared innovation community. These efforts are making new contributions to globalization and building a community with a shared future for mankind. ICEMCI aims to bring together innovative academics and industry experts in Economic Management and Cultural Industry into a common forum. We will discuss and research on areas such as International Economics and Trade, Sustainable Economic Development, Economic Statistics, Economic Policy, The impact of cultural industries on the economy, etc. ICEMCI 2022 also aims to provide a platform for experts, scholars, engineers, technicians and technology R&D personnel to share scientific research results and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote cooperation in the industrialization of academic achievements . With the theme "Economic Management and Cultural Industry", ICEMCI 2022 aspires to keeping up with advances and changes to a consistently morphing field. Leading researchers and industry experts from around the globe will be presenting the latest studies through papers, keynote speeches and oral presentations. We warmly invite you to participate in ICEMCI 2022 and look forward to seeing you in Chongqing !
Author : Mr.Aasim M. Husain
Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)
Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
