Speculation and Oil Price Formation

7 Pages Posted: 28 Mar 2012 Last revised: 4 May 2012

See all articles by Bassam Fattouh

Bassam Fattouh

University of London - School of Oriental and African Studies (SOAS); University of London - Centre for Financial and Management Studies (CeFIMS)

Date Written: February 29, 2012

Abstract

Can the boom in oil prices be explained in terms of tightened market fundamentals? Or has the oil market been distorted by the entry of financial players? This article will try to shed light on the marked increase in volatility during the latest 2008-2009 price cycle and on the role of speculators in the oil market.

Keywords: Oil Market, Speculation

JEL Classification: Q4, Q48

Suggested Citation

Fattouh, Bassam, Speculation and Oil Price Formation (February 29, 2012). FEEM (Fondazione Eni Enrico Mattei), Review of Environment, Energy and Economics (Re3), February 2012, Available at SSRN: https://ssrn.com/abstract=2029660

Bassam Fattouh (Contact Author)

University of London - School of Oriental and African Studies (SOAS) ( email )

Thornhaugh Street
Russell Square: College Buildings 541
London, WC1H 0XG
United Kingdom
+020 7898 4053 (Phone)
+020 7898 4089 (Fax)

University of London - Centre for Financial and Management Studies (CeFIMS)

Exhibition Road
London, WC1E 7HU
United Kingdom

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