Choi, Hankyeung; Leatham, David J.; Sukcharoen, Kunlapath - In: Contemporary Economics 9 (2015) 1, pp. 29-44
Given the emerging consensus from previous studies that crude oil and refined product (as well as crack spread) prices … are cointegrated, this study examines the link between the crude oil spot and crack spread derivatives markets …. Specifically, the usefulness of the two crack spread derivatives products (namely, crack spread futures and the ETF crack spread …