Crude Oil Contracts: The “Message from Markets”
By Ehud I. Ronn, Ph.D., Professor of Finance, McCombs School of Business, University of Texas at Austin and Member of the JPMCC’s Research Council
Financial markets in general, and energy finance markets in particular, are highly informative. The challenge is always in interpreting what exactly the message is from the markets. We address this issue in the crude oil markets with an examination of the level of spot prices and the implied volatility of crude oil futures prices. Professor Ronn’s Encana Distinguished Lecture at the JPMCC on March 9, 2017 was closely related to this topic.
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