Oil Prices

Oil Prices – A Barrel Of Texas Tea: Half-Full Or Half-Empty?

Oil Prices - A Barrel Of Texas Tea: Half-Full Or Half-Empty? by Jim Masturzo, Research Affiliates

Key Points

  1. We develop a simple model to forecast the price of oil 12 months ahead, using four demand variables (return of copper, relative value of the USD, 10-year U.S. T-bond yield, and slope of the oil futures term structure) and two supply variables (U.S. oil production and OPEC oil production . . .

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