Crude oil options market found to be efficient

Journal Article · Mon Aug 17 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7180321

This paper reports that the U.S. crude oil options market operates efficiently and does not overreact. The authors, with the JFK School of Government, studied the crude oil options market under a Department of Energy grant. The current market was created in November 1986 when the New York Mercantile Exchange introduced an options contract for delivery of West Texas intermediate crude futures. it has grown greatly since then.

• OSTI ID: 7180321
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:33; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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