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The determinants of crude oil price adjustment in the world petroleum market

✍ Scribed by Al-Faris, A.


Book ID
115230471
Publisher
John Wiley and Sons
Year
1991
Tongue
English
Weight
754 KB
Volume
15
Category
Article
ISSN
0277-0180

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## Abstract In this study, a three‐factor model of crude oil prices is estimated, which incorporates a time‐varying market price of risk. The model is able to accurately capture the term structure of futures prices with evidence suggesting that risk premiums in the crude oil market are time‐varying