Forecasting the oil price - Performance and Analysis of the EBS

OIL. Always OIL. It has been written rivers of ink, black as oil, but perhaps also obscure as all over the world that for decades has turned around the ¿black gold.¿ We have been used by the mass media to look at the oil with interest (think of the great versatility of crude oil, from locomotion to plastic products derived from oil, even up to the production of electricity), but also with fear. A fear that as took more and more shape in the agonizing anxiety to see the tanks of our own cars suddenly dry ¿ now accomplice even an oil paucity. The oil is scarce, and there will not be for a few years. As for the most important actors, including the petroleum we have an important twist: the recent discoveries subvert the order of magnitude of the oil gushing and the speed of light, re-project the black gold in the news, both economic and strategic... The study aims to analyze the predictive ability of the Forecasters of oil prices. Does it worthy tribute trust the forecasters? Are their estimates accurate or inaccurate? How can we preach and assess the accuracy of these estimates? What the why underlying or hidden behind the scenes...?