This paper investigates whether the relationship between investor sentiment and crude oil futures price has changed during the COVID-19 pandemic. We find a structural change in the relationship from December 31, 2019 to February 25, 2020. The elasticity of crude oil futures price to investor sentiment changed from-0.295 pre-COVID-19 outbreak to-0.678 post-outbreak.
CITATION STYLE
Huang, W., & Zheng, Y. (2020). COVID-19: Structural Changes in the Relationship Between Investor Sentiment and Crude Oil Futures Price. Energy Research Letters, 1(2). https://doi.org/10.46557/001c.13685
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