Crude Oil Spot Price Forecasting Using Ivanov-Based LASSO Vector Autoregression

Table 3

Descriptive statistics of commodity prices.

Commodity	Obs.	Mean	Std. Dev.	Min	Max
USCG	495	1.79437	0.2212457	1.268	2.213
NYCG	495	1.841164	0.2054514	1.36	2.219
Brent	495	67.85065	6.763126	50.57	86.07
WTI	495	61.11267	6.698028	44.48	77.41
NYHO	495	1.990378	0.148289	1.643	2.41
USJF	495	1.953158	0.1469174	1.564	2.345
MB	495	0.7093677	0.1976168	0.365	1.1
LADF	495	2.0742	0.1709855	1.656	2.52
USDF	495	1.965758	0.15365	1.551	2.385
NYDF	495	2.021246	0.1473959	1.663	2.432