---
title: Oil Price Forecasting: Machine Learning vs Deep Learning
url: https://www.ml-quant.com/papers/repec/spr-annopr-v-345-y-2025-i-2-d-10-1007-s10479-023-05400-8/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:spr:annopr:v:345:y:2025:i:2:d:10.1007_s10479-023-05400-8
source_url: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Flink.springer.com%2F10.1007%2Fs10479-023-05400-8%3Bh%3Drepec%3Aspr%3Aannopr%3Av%3A345%3Ay%3A2025%3Ai%3A2%3Ad%3A10.1007_s10479-023-05400-8
featured: 2025-03-05
citations: unknown
topic: Econometrics & Forecasting
---


# Oil Price Forecasting: Machine Learning vs Deep Learning

Machine Learning vs Deep Learning: The study reveals that deep learning methods, particularly the long short-term memory approach, are more effective than machine learning methods like the support vector machine in predicting oil prices, especially during crises.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Flink.springer.com%2F10.1007%2Fs10479-023-05400-8%3Bh%3Drepec%3Aspr%3Aannopr%3Av%3A345%3Ay%3A2025%3Ai%3A2%3Ad%3A10.1007_s10479-023-05400-8
- Identifier: RePEc:spr:annopr:v:345:y:2025:i:2:d:10.1007_s10479-023-05400-8
- Released: 2025-03-05
- First featured: Quant Letter No. 87 (2025-03-05): https://www.ml-quant.com/issues/2025-03-05/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Econometrics & Forecasting

## Related

- [SCFI Forecasting with Deep Learning](https://www.ml-quant.com/papers/ssrn/4973768/): A deep learning model effectively uses Chinese commodity futures prices to predict the Shanghai Containerized Freight Index, according to a study.
- [Deep Learning in Renewable Energy Forecasting: A Cross-Dataset Evaluation of Temporal and Spatial Models](https://www.ml-quant.com/papers/arxiv/2505.03109/): The research compares seven Deep Learning models for use in the renewable energy sector, with Long-Short Term Memory and Multilayer Perceptron models proving most accurate.
- [Geometric Deep Learning for Realized Covariance Matrix Forecasting](https://www.ml-quant.com/papers/arxiv/2412.09517/): A new method for forecasting asset return covariance matrices using a Riemannian-geometry-aware deep learning framework outperforms traditional methods by considering the geometric properties of the matrices.
- [Hybrid Models for Financial Forecasting: Combining Econometric, Machine Learning, and Deep Learning Models](https://www.ml-quant.com/papers/arxiv/2505.19617/): ARIMA with SVM/LSTM: A study using econometric models, machine learning, and deep learning to predict financial trends for the S&P 500 and Bitcoin emphasizes the importance of well-constructed hybrid models for profitable trading strategies.
- [Deep Learning Enhanced Multivariate GARCH](https://www.ml-quant.com/papers/arxiv/2506.02796/): A new volatility modeling framework, LSTM-BEKK, is introduced, integrating deep learning into multivariate GARCH processes for improved robustness and forecasting in financial return data.
- [Quantile deep learning models for multi-step ahead time series prediction](https://www.ml-quant.com/papers/arxiv/2411.15674/): The article introduces a new deep learning framework for predicting multi-step time series, which improves the performance of deep learning models. It has been effectively tested on Bitcoin and Ethereum, demonstrating its ability to manage volatility and provide useful information for decision-making.
