The Relationships of Price and Volume in Crude Oil Futures Contracts
| Autor: | Yi-Cheng Chan, 陳奕丞 |
|---|---|
| Rok vydání: | 2013 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 101 In the past crude oil usually sales by oil companies and oil producing countries signed forward contracts to deal. Since the establishment of the OPEC and oil embargo in 1973, resulting in significant increase in the volatility of crude oil, increasing hedging demand for oil campanies. After crude oil futures contract was introduced to meet the demand for hedging. This study used quantile regression to explore the relationship of price and volume in NYMEX Light Sweet Crude Oil futures contracts and ICE Brent Crude futures contracts. The results for the Light Sweet Crude Oil futures contracts and Brent Crude futures contracts show positive relationships between two factors when price goes up, and negative relationships when price goes down. The magnitude relationships of price and volume in crude oil futures contracts are different when price goes up and price goes down. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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