Publications Received

Options Trading and Oil Futures Markets, by Christophe Chassard. Published by the Oxford Institute for Energy Studies, 29 New Inn Hall Street, Oxford OX1 2DX, UK. 96 pages.

The establishment of a successful crude oil futures market by NYMEX, itself an important new factor in crude pricing, has been followed by the introduction of trading in futures options in order to provide more flexibility in the forward market. The latest OIES working paper investigates the...