According to the standard analysis of commodity prices, stockpiling is a necessary signature of speculation. This paper develops an approach suggesting that speculation may temporarily push crude oil prices above the level justified by physical-market fundamentals, without necessarily resulting in a significant increase in oil inventories. Looking beyond debate on the value of oil-demand price-...

The study investigates the effect of macroeconomic determinants on the performance of the Indian Stock Market using monthly data over the period January 1991 to December 2011 for eight macroeconomic variables, namely, Interest Rate, Inflation, Exchange Rate, Index of Industrial Production, Money Supply, Gold Price, Silver Price & Oil Price, and two stock market indices namely Sensex and S&P CNX...

Islamic stock market has experienced massive growth globally, including in Indonesia. This study aims to investigate the predicting factors of Indonesian that presents by price Jakarta Index (JII). Adopted Augmented Distributed Lag (ARDL) approach, this uses monthly data from January 2007 February 2020. five macroeconomic variables, namely consumer index, exchange rate, crude oil price, world g...

Nigeria’s over-dependence on crude oil revenue has exposed the economy to price shocks emanating from vicissitudes in global market, which accentuated need for urgent economic diversification. One of such areas that holds potential diversification is solid mineral subsector. The study examined influence development growth Nigeria, using Auto Regressive Distributed Lag (ARDL) Approach. Time seri...

As an oil-exporting country, Oman traditionally relies on oil sources to meet its energy demand. The country has not been able safeguard environment from carbon emissions (CO2)-related adversities. In this context, study evaluated the impacts of price oil, financial development, economic growth, and nonrenewable environmental quality in Oman. research used recently developed augmented autoregre...

This paper discussed the impact of higher oil prices on the Pakistan’s economy during 1990 to 2008. Pakistan is not oil producing rather oil-importing country. An increase in oil price leads to inflation, increase budget deficit and puts downward pressure on exchange rate which makes imports more expensive. The rising oil prices are the major concern for all the developing economies and Pakista...

This paper investigated the reaction of aggregate commodity market to oil price shocks and also explored the effects of oil price shocks on China's fundamental industries: metals, petrochemicals, grains and oilfats. We separated the volatilities of oil price into expected, unexpected and negatively expected categories to identify how oil prices influence bulk commodity markets. We contrasted th...

â â â â â â â  this paper proposes a new forecasting model for investigating relationship between the price of crude oil, as an important energy source and gdp of the us, as the largest oil consumer, and the uk, as the oil producer. gmdh neural network and mlff neural network approaches, which are both non-linear models, are employed to forecast gdp responses to the oil price changes. the resul...

The historical record Figure 1 plots the price of oil relative to the core personal consumption expenditures price index (PCEPI) together with the core PCEPI inflation rate. (Core measures of inflation exclude food and energy prices.) The figure shows that the price of oil jumped sharply twice in the 1970s, as did inflation. But this relationship appears to have deteriorated over the latter par...