Forecasting short-run crude oil price us
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Michael Ye; John Zyren; Joanne Shore
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Article
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2006
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Elsevier Science
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English
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Since inventories have a lower bound or a minimum operating level, economic literature suggests a nonlinear relationship between inventory level and commodity prices. This was found to be the case in the short-run crude oil market. In order to explore this inventory-price relationship, two nonlinear