The Hedging Efficiency of Crude Oil Markets

The focus of this paper is on the measurement of hedging efficiency. We argue that conventional approaches, originally developed for analysing the hedgmg of Treasury bonds, are unreliable in commodities where the time structure of prices plays an important role. A full consideration of the nature and causes of changes in the time structure is necessary to develop an effective hedging strategy.

By: Paul Horsnell , A. Brindle , W. Greaves

Latest Tweets from @OxfordEnergy

  • New OIES study on EU rules on gas pipelines: Complexity & lack of clarity in regulatory framework for incremental c… https://t.co/HDgUaRTwGO

    July 20th

  • Stern on Russia-Ukraine gas transit talks: It is a meaningful step to have established a process; but would be diff… https://t.co/oqkqFtmsaa

    July 20th

  • Building New Gas Transportation Infrastructure in the EU – what are the rules of the game? https://t.co/dyMFMaUIu9

    July 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.