US Partisan Conflict, Sino-US Political Relation News, and Oil Market Dynamics

Yifei Cai (yifei.cai@unisa.edu.au), Jamel Saadaoui and Gazi Uddin
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Yifei Cai: University of South Australia

No 2024.12, Working Papers from International Network for Economic Research - INFER

Abstract: Recent increasing partisan conflicts in the US strain the relationship between the US and China, leading to a decrease in oil demand and a temporary rise in oil prices. Conversely, positive news shocks regarding Sino-U.S. political relations reduce political conflicts in the US, resulting in decreased oil demand and prices. Last, positive shocks to good and bad news have asymmetric effects on the oil market.

Keywords: China; oil market; political relation news; partisan conflict; asymmetries (search for similar items in EconPapers)
JEL-codes: Q (search for similar items in EconPapers)
Pages: 17 pages
Date: 2024
New Economics Papers: this item is included in nep-cna, nep-ene and nep-mac
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Citations: View citations in EconPapers (1)

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