Understanding Flipping Behaviour of Crude Oil Prices between Contango and Backwardation
Abubakar Hassan
The last four decades have witnessed extraordinary volatility in crude oil prices, and this has severe implications for the race toward achieving a net-zero carbon emission target by 2050. This thesis attempts to understand the dynamic behaviour of crude oil prices through four interrelated essays on the flipping behaviour of crude oil prices between contango and backwardation market conditions. The thesis revealed interesting findings by employing robust econometric estimation techniques and innovative ideas on weekly...
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