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dc.creatorElhelou, Rami
dc.date.available2012-06-01T15:20:36Z
dc.date.issued2011-05
dc.identifier.urihttp://hdl.handle.net/2346/ETD-TTU-2011-05-1380
dc.description.abstractCrude oil prices moved irregularly in the period leading to the financial meltdown in the beginning of 2008. This research paper deals with the explaining the drivers of spot and futures prices of crude oil taking into consideration the theoretical model presented by Just and Just (2008) and empirically examining the factors. The paper provide empirical evidence that the prices of crude oil are driven by many factors which are controlled by OPEC countries and that spot prices are partially driven by futures prices of crude oil. The paper also provides evidence that OPEC manipulative buying in the futures market was a key reason for the price spike, while the fall in prices was due to the fact that manipulation could not maintain its strong effect in increasing prices and was met by a stronger force of factors that were a result of the economic meltdown.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.subjectFutures price
dc.subjectSpot price
dc.subjectOrganization of Petroleum Exporting Countries (OPEC)
dc.subjectManipulation
dc.subjectFutures market
dc.titleEffects of futures market manipulation on crude oil prices: An empirical examination
dc.typeThesis
thesis.degree.nameMaster of Science
thesis.degree.levelMasters
thesis.degree.disciplineAgriculture and Applied Economis
thesis.degree.grantorTexas Tech University
thesis.degree.departmentAgricultural Applied Economics
dc.contributor.committeeMemberBelasco, Eric J.
dc.contributor.committeeMemberElam, Emmett W.
dc.contributor.committeeChairRahman, Shaikh
dc.degree.departmentAgiculture and Applied Economics
dc.rights.availabilityUnrestricted.


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