Economics of Energy Futures Markets
Charles Dale
Abstract
Open-access reader
Charles Dale
Abstract
Open-access reader
The development of a successful futures market in crude oil, petroleum products, propane, and, most recently, natural gas has been one of the most fundamental changes to occur in oil and gas markets in recent years. This article provides an introduction to those markets, including their historical background and examples of their current use for speculation and hedging.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
The development of a successful futures market in crude oil, petroleum products, propane, and, most recently, natural gas has been one of the most fundamental changes to occur in oil and gas markets in recent years. This article provides an introduction to those markets, including their historical background and examples of their current use for speculation and hedging.
Key concepts: Speculation, Futures contract, Economics, Futures market, Petroleum, Crude oil, Natural gas, Financial economics