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Seasonality in petroleum futures spreads

✍ Scribed by Girma, Paul Berhanu; Paulson, Albert S.

Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 199 KB
Volume: 18
Category: Article
ISSN: 0270-7314
DOI: 10.1002/(sici)1096-9934(199808)18:5<581::aid-fut5>3.0.co;2-1

No coin nor oath required. For personal study only.

✦ Synopsis

Seasonality in heating oil and gasoline prices is a well-established fact. Supply and demand for these products are influenced by, among others, oncoming production, weather, political situations such as Organization of Petroleum Exporting Countries (OPEC)-generated turmoil (Deaves and Krinsky, 1992), and the economic environment in general. It is known that demand for gasoline peaks in the summer, while demand for heating oil peaks in the winter. Fluctuations and trends in the demand for these products will, of course, affect the demand for crude oil and, thereby, the behavior of the petroleum futures spreads.

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