Brent oil prices forecasting using machine learning

Abstract

Machine Learning is one of the powrful tools which is used nowadays in prediction tasks. In this article, we will use machine learning models to predict Brent oil price, and compare their performance. Which would help investors to make the appropriate investments? decisions, especially under crisis circumstances. Several models were tested to confirm the appropriate one, starting from the very standard models, multiple linear regression, and finally try the recent developped ones, namely gradient boosting. We used as well a neural network model, Long short-term memory (LSTM) given that it approved their performance for financial series.