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OPEC Spare Capacity, the Term Structure of Oil Futures Prices, and Oil Futures Returns
| Content Provider | Semantic Scholar |
|---|---|
| Author | Till, Hilary |
| Copyright Year | 2015 |
| Abstract | Alternative Investment Analyst Review Summer • 2015 10 In this article, we are going to look into whether we can explain in simple terms whether holding long futures positions in crude oil is a wise decision or not. It turns out that knowing if OPEC spare capacity is at comfortable levels would have been very helpful in making this decision, at least since the 1990s. But this factor alone is not sufficient. One has to also examine the shape of the crude oil futures curve. The task of this article will be to explain how we came to these conclusions. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.caia.org/sites/default/files/AIAR_Q3_2015-02_OPEC_Till.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
