Descriptive statistics of oil quotations
| Pre-financialization | AL_1 | Brent_1 | WTI_1 |
| US$/bbl | US$/bbl | US$/bbl | |
| Mean | 16.14 | 17.49 | 18.89 |
| Median | 16.12 | 17.73 | 18.93 |
| Minimum | 9.39 | 9.14 | 10.82 |
| Maximum | 24.38 | 24.62 | 28.03 |
| Stddev | 2.86 | 3.27 | 3.16 |
| Skewness | 0.23 | −0.04 | −0.04 |
| Kurtosis | 0.16 | 0.11 | 0.04 |
| N | 2,088 | 2,088 | 2,088 |
| JB test | 20.2 p < 0.05 | 1.5 p < 0.05 | 0.7 p < 0.05 |
| Post-financialization | AL_2 | Brent_2 | WTI_2 |
| US$/bbl | US$/bbl | US$/bbl | |
| Mean | 61.10 | 63.65 | 60.70 |
| Median | 57.35 | 59.73 | 57.16 |
| Minimum | 15.41 | 5.62 | −37.63 |
| Maximum | 140.56 | 143.60 | 145.31 |
| Stddev | 29.16 | 30.13 | 26.15 |
| Skewness | 0.44 | 0.46 | 0.44 |
| Kurtosis | −0.88 | −0.85 | −0.62 |
| N | 5,479 | 5,479 | 5,479 |
| JB test | 353.2 p < 0.05 | 354 p < 0.05 | 264.1 p < 0.05 |
| Pre-financialization | AL_1 | Brent_1 | WTI_1 |
| US$/bbl | US$/bbl | US$/bbl | |
| Mean | 16.14 | 17.49 | 18.89 |
| Median | 16.12 | 17.73 | 18.93 |
| Minimum | 9.39 | 9.14 | 10.82 |
| Maximum | 24.38 | 24.62 | 28.03 |
| Stddev | 2.86 | 3.27 | 3.16 |
| Skewness | 0.23 | −0.04 | −0.04 |
| Kurtosis | 0.16 | 0.11 | 0.04 |
| 2,088 | 2,088 | 2,088 | |
| JB test | 20.2 | 1.5 | 0.7 |
| Post-financialization | AL_2 | Brent_2 | WTI_2 |
| US$/bbl | US$/bbl | US$/bbl | |
| Mean | 61.10 | 60.70 | |
| Median | 57.35 | 59.73 | 57.16 |
| Minimum | 15.41 | 5.62 | −37.63 |
| Maximum | 140.56 | 143.60 | 145.31 |
| Stddev | 29.16 | 30.13 | 26.15 |
| Skewness | 0.44 | 0.46 | 0.44 |
| Kurtosis | −0.88 | −0.85 | −0.62 |
| 5,479 | 5,479 | 5,479 | |
| JB test | 353.2 | 354 | 264.1 |
Notes:
Table records the descriptive statistics of oil prices: Arabian Light (AL), Brent and West Texas Intermediate (WTI). The suffix 1 refers to the pre-financialization period (January 1, 1992–December 31, 1999). The suffix 2 refers to the post-financialization sample (January 3rd, 2000–December 31st, 2020). All data except Skewness and Kurtosis are rounded