Munich Personal RePEc Archive

Economics of Energy Futures Markets

Dale, Charles (1991): Economics of Energy Futures Markets. Published in: Petroleum Marketing Monthly (September 1991): pp. 5-18.

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Abstract

The development of a successful futures market in crude oil, petroleum products, propane, and, most recently, natural gas has been one of the most fundamental changes to occur in oil and gas markets in recent years. This article provides an introduction to those markets, including their historical background and examples of their current use for speculation and hedging.

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