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Persistent link: https://www.econbiz.de/10009312301
We study the dynamics of cash-and-carry arbitrage using the U.S. crude oil market. Sizable arbitrage-related inventory movements occur at the NYMEX futures contract delivery point but not at other storage locations where, instead, operational factors explain most inventory changes. We add to the...
Persistent link: https://www.econbiz.de/10013247693
Persistent link: https://www.econbiz.de/10009771875
Persistent link: https://www.econbiz.de/10010371836
We study the dynamics of cash-and-carry arbitrage using the U.S. crude oil market. Sizable arbitrage-related inventory movements occur at the NYMEX futures contract delivery point but not at other storage locations where, instead, operational factors explain most inventory changes. We add to the...
Persistent link: https://www.econbiz.de/10012851936
Persistent link: https://www.econbiz.de/10012523334