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Crude oil price futures and stock markets returns: what do their correlations tell

Brucal, Arlan (2018) Crude oil price futures and stock markets returns: what do their correlations tell. DLSU Business and Economics Review, 27 (2). pp. 190-195. ISSN 0116-7111

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With the increasing recognition that oil price shocks are just symptoms of more fundamental shocks happening in the global crude oil market, it has become imperative to know what drives oil price changes at a particular time period. This note illustrates how we can use the correlations between stock prices and crude oil futures prices in assessing whether the current oil price movement is driven by supply- or demand-related shocks. This note also offers potential implications of crude oil price shocks on ASEAN economies

Item Type: Article
Official URL:
Additional Information: © 2018 by De La Salle University
Divisions: Grantham Research Institute
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
JEL classification: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
P - Economic Systems > P4 - Other Economic Systems > P42 - Productive Enterprises; Factor and Product Markets; Prices; Population
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Date Deposited: 17 Oct 2018 11:23
Last Modified: 20 Feb 2019 06:55
Funders: Economic & Social Research Council

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