When oil prices jump, is speculation to blame?
Abstract: Whenever the price at the pump climbs week after week, people start pointing fingers at investment banks, hedge funds and other speculators. This article quantifies the role that speculation played in the rise of oil prices during the past decade.
File(s): File format is application/pdf https://www.stlouisfed.org/~/media/Files/PDFs/publications/pub_assets/pdf/re/2012/b/oil_prices.pdf
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2012