COVID-19 - Structural Changes in the Relationship Between Investor Sentiment and Crude Oil Futures Price

Wenli Huang and Yuqi Zheng ()
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Yuqi Zheng: Asia Pacific Applied Economics Association

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

Abstract: This paper investigates whether the relationship between investor sentiment and crude oil futures price has changed during the COVID-19 pandemic. We find a structural change in the relationship from December 31, 2019 to February 25, 2020. The elasticity of crude oil futures price to investor sentiment changed from -0.295 pre-COVID-19 outbreak to -0.678 post-outbreak.

Keywords: covid-19; investor sentiment; crude oil futures price (search for similar items in EconPapers)
JEL-codes: O (search for similar items in EconPapers)
Date: 2021
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