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Record W4205488299 · doi:10.2991/assehr.k.211209.063

The Sudden Effects of Crude Oil Futures

2021· article· en· W4205488299 on OpenAlexaff
Yiyang Piao, Muzhen Ai, Yirun Mao

Bibliographic record

VenueAdvances in economics, business and management research/Advances in Economics, Business and Management Research · 2021
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicMarket Dynamics and Volatility
Canadian institutionsOntario College of Art and DesignUniversity of Toronto
Fundersnot available
KeywordsFutures contractCrude oilComputer scienceEnvironmental sciencePetroleum engineeringFinancial economicsEconomicsEngineering

Abstract

fetched live from OpenAlex

The sudden effect of crude futures oil refers to specific events that lead to significant fluctuation in the price of the futures.Event analysis on major occurrences paves us a path to avoid these failures.This article aims to investigate the causality of event-related price vacillations on crude oil.Specifically, this study inspects recent major crude oil price drop incidents, including the Yuan You Bao Failure, the Russia-Saudi Arabia oil price war, and the Suez Canal obstruction.The causes range from human errors on policy differences to naturally occurred disasters and national conflicts.In detail, the Yuan You Bao failure results from a mistake on the Bank of China's financial product dropping below 0 in the Chicago Mercantile Exchange.Besides, the sudden disagreement on supply and demand gives rise to the revenging increase in crude oil production between Russia and Saudi Arabia.Additionally, the Suez Canal Obstruction is ascribed to Ever Given's container ship running aground and blocking the canal after an unpredicted sandstorm.Apart from the events' unpredictability, it finds general flaws in human regulations and market supervision.The comprehensive analysis indicates the importance of law implementations relating to policy regulations on crude oil prices.These results shed light for investors to understand specific events' effects on making decisions and offer solutions for the government in emergency circumstances.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.004
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.005
Threshold uncertainty score0.009

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.004
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.001
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0020.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.023
GPT teacher head0.303
Teacher spread0.279 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2021
Admission routes1
Has abstractyes

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