Oil Price News and COVID-19 - Is There Any Connection

Paresh Kumar Narayan ()
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Paresh Kumar Narayan: Asia Pacific Applied Economics Association

Energy RESEARCH LETTERS, 2021, vol. 1, issue 1, 1-4

Abstract: We evaluate the relative importance of COVID-19 infections and oil price news in influencing oil prices. We show that when the number of new COVID-19 infections surpasses 84,479, COVID-19 exerts a bigger effect on oil prices. Oil price news when conditioned on COVID-19 cases have limited effects on price. When oil price volatility is used as a threshold, at higher levels of volatility, both COVID-19 cases and negative oil price news influence oil prices.

Keywords: covid-19; oil prices; news; volatility (search for similar items in EconPapers)
JEL-codes: O (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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