Cointegration in the Oil Market Among Regional Blends
The integration of crude oil spot prices, from different geographic regions is examined using the residual-based cointegration test of Gregory and Hansen (1996), which allows for endogenously determined structural breaks. While traditionally, the focus has been on three global benchmark crudes (WTI,...
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| Format: | Article |
| Language: | English |
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EconJournals
2013-12-01
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| Series: | International Journal of Energy Economics and Policy |
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| Online Access: | https://dergipark.org.tr/tr/pub/ijeeep/issue/31906/350750?publisher=http-www-cag-edu-tr-ilhan-ozturk |