Ⅰ. Introduction

Ⅱ. Data and Procedure of the Analysis
1. Data
2. Procedure

Ⅲ. The Presistence of Crude Oil Prices

Ⅳ. Dynamic Relations between Spot and Futures oil Prices
1. Cointegration Relation
2. Granger-Causality
3. Forecasting

Ⅴ. Conclusion

Appendix

Reference