Crude oil market shows signs of mean reversion, impacting global economy.
The article looks at whether crude oil prices follow a random pattern or if they tend to revert to a certain level over time. The researchers analyzed data from 1980 to 2010 and found that crude oil returns showed mean reversion from 1980 to 1994, but followed a random walk pattern from February 1994 onwards. This suggests that crude oil prices behaved differently in these two time periods.