Kahraman, Volkan2021-02-222021-02-222021-022021-022021-02-15http://hdl.handle.net/11693/75540Cataloged from PDF version of article.Thesis (M.S.): Bilkent University, Graduate Program in Energy Economics, Policy and Security, İhsan Doğramacı Bilkent University, 2021.Includes bibliographical references (leave 21).This thesis assesses the asymmetric effects of benchmark oil prices on Basrah Light, Basrah Heavy and Kirkuk crude oil prices. The empirical evidence reveals that a decrease in benchmark prices decreases three Iraqi oil blends more than an increase in benchmark increases for three Iraqi blends. Moreover, as the magnitude of shocks to benchmarks increases, then the degree of asymmetry also increases.ix, 22 leaves : illustrations, charts ; 30 cm.Englishinfo:eu-repo/semantics/openAccessCrude oil pricesBenchmark pricesAsymmetric effectsB150643ThesisB150643