When Benchmarks Fail: The Causes and Consequences of Negative Oil Prices
收藏NBER2026-03-01 更新2026-03-14 收录
下载链接：
https://www.nber.org/papers/w34905
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资源简介：
On April 20, 2020, the crude oil benchmark in North America, the West Texas Intermediate (WTI) futures contract for delivery in Cushing, Oklahoma, settled below zero for the first time in history. We combine new empirical evidence with a stylized theoretical model to show that a key catalyst was the
提供机构：
美国国家经济研究局
创建时间：
2026-03-01
