A Lead-Lag Relationship and Forecast Research between China’s Crude Oil Futures and Spot Markets

Table 2

Actual and forecast price (USD per barrel) in different frequencies with night trading (before February, 2020).

Date	Actual	Forecast 15	Forecast 30	Forecast 60
2019.12.26	70.99	70.72	70.56	70.52
2019.12.27	71.92	71.40	71.31	71.43
2019.12.30	72.84	72.51	72.49	72.44
2019.12.31	72.97	72.88	72.63	72.92
2020.1.2	72.69	71.98	71.97	71.83
2020.1.3	74.21	73.83	74.15	73.60
2020.1.6	75.89	75.59	76.12	75.76
2020.1.7	74.52	75.17	74.50	74.51
2020.1.8	75.17	76.51	75.82	75.44
2020.1.9	71.09	71.44	71.24	71.22
2020.1.10	70.83	70.56	70.51	70.46
2020.1.13	70.48	70.38	70.35	70.38
2020.1.14	69.45	68.53	68.74	69.15
2020.1.15	69.61	69.09	68.90	69.06
2020.1.16	69.22	69.64	69.56	69.29
2020.1.17	69.6	69.20	69.11	69.45
2020.1.20	70.23	69.87	69.75	69.80
2020.1.21	69.47	69.51	69.42	69.57
2020.1.22	69.4	69.25	69.21	69.14
2020.1.23	67.86	67.37	67.50	67.55