Spikes and Shocks pp 65-68 | Cite as
Oil Products and Oil-Based Financial Products
Abstract
Having established that financialisation is a process of change in the nature and motives of market investment, market actors and market operations, this chapter embarks on an analysis of the emergence and evolution of the different types and functions of oil-based financial investment products. It then moves into a study of the new financial actors who have entered the oil-based financial market, by examining their different types, motives and practices while paying special regard to the technological and regulatory developments that have made this new market environment possible. This chapter also unveils the emergence of the process of financialisation of the oil market in terms of its progressive integration with the financial sector in the post-1990s period, through the analysis of three distinct phases of this process: the low (1990–1990), the early (1991–2001) and the advanced (2002–2015) financialisation.
Keywords
Oil products Oil-based products Investment products Oil marketReferences
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