Oil embodies a vital role in the world economy as the backbone and origin of numerous industries. It is an important source of energy representing an indispensable raw material and as a major component in many manufacturing processes and transportation. Oil price suffer from high volatility and fluctuations. In global markets, it is the most active and heavily traded commodity. Recently many st...

Price volatility analysis has been reported in the literature for most competitive electricity markets around the world. However, no studies have been published yet that quantify price volatility in the Ontario electricity market, which is the focus of the present paper. In this paper, a comparative volatility analysis is conducted for the Ontario market and its neighboring electricity markets....

We examine the daily dependence and directional predictability between returns of crude oil Crude Oil Volatility Index (OVX). Unlike previous studies, we apply a battery quantile-based techniques, namely quantile unit root test, causality-in-quantiles cross-quantilogram approach. Our main results show evidence significant bi-directional that is quantile-dependent asymmetric. A positive Granger ...