Recent disconnects in the crude oil price and inventory relationship.(Research Notes) From: International Advances in Economic Research | Date: November 1, 2006| Author: Ye, Michael; Zyren, John; Shore, Joanne | COPYRIGHT 2006 Atlantic Economic Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Prior to 2004, crude oil price was predictable by using relative inventories and the Organization of the Petroleum Exporting Countries'(OPEC) excess production capacity ["A Forecasting Model for Monthly Crude Oil Spot Price," International Journal of Forecasting, vol. 21, no. 3, 2005; "Short-Run Crude Oil Price and Surplus Production Capacity," International Advances in Economic Research, vol. 12, no. 3, August 2006]. However, since 2004, estimated inventories and production capaci...