Abstract On 20 April 2020, the West Texas Intermediate (WTI) crude oil price dropped to
negative levels for the first time in history. This study examines the factors underlying the …

The literature on oil prices considers real economic factors as the main drivers of changes in
oil prices. Using parametric and nonparametric methods, this study provides evidence that …

This paper identifies factors that are influential in forecasting crude oil prices. We consider
six categories of factors (supply, demand, financial market, commodities market, speculative …

This paper tests whether gold can be used to hedge against various forms of uncertainty,
using monthly data for the sample period from January 1998 through August 2020. The …

Using the generalized dynamic factor model, this study constructs three predictors of crude
oil price volatility: a fundamental (physical) predictor, a financial predictor, and a …

OVX (Crude oil volatility index), as a measure of oil market uncertainty and new volatility
derivatives published by CBOE (Chicago Board Options Exchange) during the 2008 global …

In order to investigate whether the crude oil and natural gas market volatility is influenced by
the volatility in the stock market or whether these different variables move all together, we …

Oil is the world's most important commodity, and improving the understanding of drivers of its
price is a longstanding research objective. This article analyses real oil prices during 1984 …

We investigate the effects of US stock market uncertainty (VIX) on the stock returns in Latin
America and aggregate emerging markets before, during, and after the financial crisis. We …

This paper studies the comovement between volatility of the equity market and the oil
market, both for implied and realized volatilities. The wavelet methodology enables us to …