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

Table 3

Actual and forecast price (USD per barrel) in different frequencies without night trading (February, 2020–May, 2020).

Date	Actual	Forecast 15	Forecast 30	Forecast 60
2020.4.1	26.43	28.88	28.69	28.36
2020.4.2	27.6	29.58	29.51	30.03
2020.4.3	30.92	29.48	29.63	29.47
2020.4.7	34.34	33.29	32.82	33.87
2020.4.8	32.92	34.63	34.35	34.16
2020.4.9	35.58	34.52	34.32	35.20
2020.4.13	34.98	34.98	34.49	34.77
2020.4.14	36.15	34.05	33.53	34.56
2020.4.15	31.97	34.87	34.42	35.09
2020.4.16	30.51	30.70	30.38	31.08
2020.4.17	30.35	28.99	28.44	28.99
2020.4.20	29.47	29.04	28.55	29.59
2020.4.21	25.42	27.71	27.45	28.21
2020.4.22	19.64	22.68	22.32	22.62
2020.4.23	23.6	21.76	21.61	23.09
2020.4.24	22.31	24.46	24.53	24.39
2020.4.27	21.46	21.31	20.95	20.73
2020.4.28	19.75	20.57	20.26	21.08
2020.4.29	20.58	21.40	21.31	22.38
2020.4.30	24.38	22.55	22.53	22.97