An anatomy of the oil pricing regime
The sharp swings in oil prices and the marked increase in volatility during the latest price cycle have focused attention on the possibility that crude oil has acquired the characteristics of other financial assets such as stocks or bonds. The view that the oil market has become ‘financialised’ and...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2010
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| _version_ | 1797079849148350464 |
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| author | Fattouh, B |
| author_facet | Fattouh, B |
| author_sort | Fattouh, B |
| collection | OXFORD |
| description | The sharp swings in oil prices and the marked increase in volatility during the latest price cycle have focused attention on the possibility that crude oil has acquired the characteristics of other financial assets such as stocks or bonds. The view that the oil market has become ‘financialised’ and that crude oil price behaviour in recent months has mimicked the behaviour of other financial assets has gained credence among many analysts. However, the nature of such a transformation and its implications are not yet clear. Discussions of ‘financialisation’ of oil markets have partly been subsumed within analyses of the relation between finance and commodity markets indexes, which include crude oil. The elements that have attracted most attention have been outcomes: correlations between levels, returns, and volatility of commodity and financial indexes. |
| first_indexed | 2024-03-07T00:51:41Z |
| format | Journal article |
| id | oxford-uuid:869f7554-9da8-40af-af5a-fcb623b5e537 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T00:51:41Z |
| publishDate | 2010 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:869f7554-9da8-40af-af5a-fcb623b5e5372022-03-26T22:05:07ZAn anatomy of the oil pricing regimeJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:869f7554-9da8-40af-af5a-fcb623b5e537EnglishOxford University Research Archive - ValetOxford Institute for Energy Studies2010Fattouh, BThe sharp swings in oil prices and the marked increase in volatility during the latest price cycle have focused attention on the possibility that crude oil has acquired the characteristics of other financial assets such as stocks or bonds. The view that the oil market has become ‘financialised’ and that crude oil price behaviour in recent months has mimicked the behaviour of other financial assets has gained credence among many analysts. However, the nature of such a transformation and its implications are not yet clear. Discussions of ‘financialisation’ of oil markets have partly been subsumed within analyses of the relation between finance and commodity markets indexes, which include crude oil. The elements that have attracted most attention have been outcomes: correlations between levels, returns, and volatility of commodity and financial indexes. |
| spellingShingle | Fattouh, B An anatomy of the oil pricing regime |
| title | An anatomy of the oil pricing regime |
| title_full | An anatomy of the oil pricing regime |
| title_fullStr | An anatomy of the oil pricing regime |
| title_full_unstemmed | An anatomy of the oil pricing regime |
| title_short | An anatomy of the oil pricing regime |
| title_sort | anatomy of the oil pricing regime |
| work_keys_str_mv | AT fattouhb ananatomyoftheoilpricingregime AT fattouhb anatomyoftheoilpricingregime |