
Primary Program
About
Wu-Yen (Jonathan) Sun is a Visiting Researcher in the Oil and Gas Program at KAPSARC, specializing in financial derivatives pricing and financial sector’s influence on crude oil prices. He holds an M.S. degree from New York University and has a diverse background in energy and finance. Before joining KAPSARC, he founded a solar power plant construction company and worked as a Consultant at KPMG, focusing on solar and offshore wind power projects. His international experience in renewable energy development and market analysis supports KAPSARC’s mission to advance global energy solutions.
Publications

27 April 2025
Myths and Mysteries About Speculation in the Oil MarketThe article provides unique quantitative insights about highly secretive and poorly understood speculation in the oil market. To demystify the behavior of speculators, we look at the problem from five different angles. First, we explain how the presence of large over-the-counter (OTC...

27 July 2025
Rethinking the Oil Futures Market: Insights from Commodity Futures Literature and Speculators’ PerspectivesThis article examines speculative activity in the oil futures market and revisits key insights from the broader commodity futures literature. We trace the evolution of the oil futures market over the past four decades through the lens of speculators, offering a nuanced perspective on ...