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Are product spreads useful for forecasting the price of oil? / Christiane Baumeister, Lutz Kilian, Xiaoqing Zhou, Vox, 24/09/2013http://www.voxeu.org/article/forecasting-oil-prices-using-product-spreadsRecent work on forecasting oil prices raises the question of whether oil industry analysts know something about forecasting the price of oil that academic economists have missed. This column presents evidence that they do, but economists know how to improve further on these practitioners’ insights...