Spillover effects in energy futures markets

@inproceedings{Lin2001SpilloverEI,
  title={Spillover effects in energy futures markets},
  author={Sharon Xiaowen Lin and Michael N. Tamvakis},
  year={2001}
}
Price discovery in crude oil and refined oil products has been extensively undertaken in organised futures markets for over a decade now. There are two dominant such markets today: the first one in the New York Mercantile Exchange; and the second in London’s International Petroleum Exchange. With the demise of OPEC as the leading price setter for crude and products, NYMEX light sweet crude and Brent crude have usurped the role of benchmark grades for price setting. To date considerable work has… CONTINUE READING
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