Year: 2018
Type: article
Abstract: This paper focuses on the investigation of oil price seasonal patterns and their exploitability in the investment process.As oil is one of the most important and most traded commodities, a successful investment strategy exploiting seasonal patterns in oil price behaviour may be useful for many retail as well as institutional investors.The results show that during the 1983-2017 period, the Brent and WTI oil prices tended to record abnormally positive returns during the months of March, April and August and abnormally negative returns -during the months of October and November.The analysis also shows that simple investment strategies based on switching between the oil market and money market investments, that are utilizing the oil price seasonal patterns, can outperform in the long term.
Source: JOURNAL OF INTERNATIONAL STUDIES
Authors: Peter Arendas, Daniela Tkacova, Jan Bukoven
Institution: Bratislava University of Economics and Business
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2820888498