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Short-run response of crude oil inventory and demand to crude oil price.

Publication: International Advances in Economic Research
Publication Date: 01-NOV-03 		Format: Online - approximately 197 words
Delivery: Immediate Online Access
Full Article Title: Short-run response of crude oil inventory and demand to crude oil price.(Research Notes)(Brief Article)

Article Excerpt
This paper empirically demonstrates the notion that inventories are pivotal in determining price behavior in crude oil markets by finding that, in the short run, price elasticity of relative demand is much smaller than the elasticity of relative inventory. This finding supports the proposition that it is inventory, not...

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