Abstract:Abstract-Volatile crude oil prices have been drawing a lot of attention lately since it plays a significant role in the world economy. The recent severe price movement has immensely impacted the economy of countries that rely heavily on the production of crude oil and natural gas. While businesses have been struggling in making financial decision to hedge their risk against possible future price fluctuation, governmental bodies and policy makers often caught in the midst of severe volatility. Hence, this paper… Show more
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