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

Table 4

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

Date	Actual	Forecast 15	Forecast 30	Forecast 60
2021/12/03	71.17	70.3474	70.421	70.3439
2021/12/06	70.41	71.1894	71.1003	71.1911
2021/12/07	73.5	72.447	72.5163	72.4415
2021/12/08	74.32	73.5189	73.7181	73.5195
2021/12/09	74.85	74.3533	74.4607	74.3512
2021/12/10	73.8	74.882	74.5993	74.1794
2021/12/13	75.21	74.8352	74.4897	74.8299
2021/12/14	74.5	75.2404	75.4638	75.239
2021/12/15	72.92	74.524	74.6919	74.5217
2021/12/16	74.17	74.9475	74.0677	74.9442
2021/12/17	74.08	74.1903	74.0489	74.1902
2021/12/20	71.16	71.1096	71.1407	71.1063
2021/12/21	71.66	71.1991	71.2304	71.3323
2021/12/22	73.75	73.6825	73.7492	73.6815
2021/12/23	75.45	73.7697	73.8251	73.7683
2021/12/24	76.52	75.4617	75.401	75.4615
2021/12/28	79.33	79.5291	79.5747	79.5289
2021/12/29	79.7	79.3305	79.317	79.3332
2021/12/30	79.99	79.7051	79.7667	79.7043
2021/12/31	79.62	79.996	79.0398	79.997