Implementing a stochastic model for oil futures prices

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European CO2 prices and carbon capture investments (2008, methodology): “errors (the di¤erences between the futures model price and the observed market price); this approach is applied to oil futures contracts in Cortazar and Schwartz [ 12 ].”
An N‐factor Gaussian model of oil futures prices (2006, methodology): “The Model The N-factor model presented in this article generalizes existing twoand three-factor models commonly found in the literature (Cortazar & Schwartz, 2003; Gibson & Schwartz, 1990; Schwartz, 1997; Schwartz & Smith, 2000) to an N-factor setting.”
Can oil prices help estimate commodity futures prices? The cases of copper and silver (2010, background): “…mean reverting specification, seasonality or time varying risk maturity contract was introduced only at the end of 2008 and has relatively low premiums (Laughton and Jacoby, 1993; Sorensen, 2002; Manoliu and Tompaidis, 2002; Cortazar and Schwartz, 2003; Casassus and Collin-Dufresne, 2005).”