This article offers a simple and concise explanation of the Monte Carlo simulation: a technique that combines statistical concepts (random sampling) with the ability of computers to generate pseudo-random numbers and automate calculations. The key to Monte Carlo...
The escalation of Russian’s invasion of Ukraine and the ongoing response to the COVID-19 pandemic contributed to crude oil price volatility and a surge to over $130 a barrel in the spring of 2022. These high price levels, which have not been seen since 2008, occurred...
