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Górska Anna (Warsaw University of Life Sciences - SGGW, Poland), Krawiec Monika (Warsaw University of Life Sciences - SGGW, Poland)
Calendar Effects in the Market of Crude Oil
Zeszyty Naukowe SGGW w Warszawie. Problemy Rolnictwa Światowego, 2015, t. 15(30), z. 4, s. 62-70, rys., tab., bibliogr. 15 poz.
Scientific Journal Warsaw University of Life Sciences SGGW - Problems of Word Agriculture
Efekty kalendarzowe, Anomalie sezonowe, Ropa naftowa, Produkcja ropy naftowej, Sektor naftowy
Calendar effects, Seasonal anomalies, Oil, Oil production, Oil sector
streszcz., summ.
This paper investigates calendar effects in the crude oil market using daily data over the period January 4, 2000 to December 31, 2014 for two global oil pricing benchmarks: West Texas Intermediate (WTI) and Brent. Results of performing statistical tests of equality of two means and of equality of two variances reveal the presence of both day-of-the week and month-of-the-year effects. (original abstract)
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