chapter  21
8 Pages

Oil spot and futures prices

WithNikki Kantelis, Bradley T. Ewing

We review the history of oil spot and futures prices. Our review and analysis confirms the major findings related to the time series properties of real oil prices and we link some of the observed experiences to real-world events. Moreover, in light of recent oil market activity, we provide new insight regarding the relationship between real oil spot and futures prices and the exploration and development activity in the United States.