In this article, we examine the relationship between oil prices and US equities by proposing a novel quantile-on-quantile (QQ) approach to construct estimates of the effect that the quantiles of oil price shocks have on the quantiles of the US stock return. This approach captures the dependence...
In a 7-variable system, estimated with monthly data for 1962 (May) to 1981 (June), we find the price of oil to be especially important in its impact on nominal wages. Lesser effects on industrial production and prices are also detected, the former only manifesting itself over a time ...
The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up as lockdowns across the world have kept pe...
Oil Prices Drop as Trump Says He Will Ask Saudi Arabia, OPEC to Cut Oil Price 2025/01/24 01:08 CST Recommend 2 Positive 3 Negative 4 EIA Crude Oil Stocks Change for Jan/17 in United States is -1.017M, higher than the previous value of -1.962M. The forecast was -2.1M. 2025/01...
In a press briefing held at the close of the meetings, the secretary emphasized that the US aims to achieve “a healthy economic relationship that benefits both our countries over time” and that it does “not seek to decouple [its] economy from China’s”. This sentiment was echoed in th...
At the same time, the prospects of a deep global recession and an oil price war between Russia and Saudi Arabia, which has since been resolved, have sent crude prices tumbling. Cheaper gasoline and weak demand are expected to offset price increases caused by bottlenecks in the supply chain. ...
Ultimately, what has caused inflation to fall is soft prices for goods. In some cases, such as with energy products, we have seen outright declines in prices. In addition, the Federal Reserve’s preferred measure of inflation, the PCE deflator, came in at 2.1% year over year in September...
Bitcoin worth over $60 million moved for the first time in 10 years James Hunt – The Block Bitcoin wallet addresses that had been dormant for more than 10 years transferred 1,000 yesterday – worth more than $62.8 million at current prices. A wallet address (16v…zEa) transferred 500 BTC...
US oil prices surged above $87 a barrel late last week for the first time since late October, leaving them up about 21% this year. “We can digest $85 or $90 oil. If we go over $90 and closer to $100, that’s a problem,” Zandi said. “Consumers are ...
Crude oil is the most valuable commodity by trading turnover and one of the most widely used. In a world with many consumers and producers, a single country or organization can no longer "control" crude oil prices set in highly liquid global markets.1 ...