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How the Removal of a Market Barrier Enhanced Market Efficiency: The Case of WTI and Brent Crude Oil Prices
Authors:Rushlow  Jennifer  Bauer  Paul
Institution:1.University of Wyoming, Laramie, USA
;2.SUNY Oneonta, Oneonta, USA
;
Abstract:Atlantic Economic Journal - If the world oil market is efficient, arbitrage should lead the West Texas Intermediate and Brent crude oil price indexes to converge whenever they stray apart. From the...
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