US Partisan Conflict, Sino-US Political Relation News, and Oil Market Dynamics

Recent increasing partisan conflicts in the US strain the relationship between the US and China, leading to a decrease in oil demand and a temporary rise in oil prices. Conversely, positive news shocks regarding Sino-U.S. political relations reduce political conflicts in the US, resulting in decreased oil demand and prices. Last, positive shocks to good and bad news have asymmetric effects on the oil market.

Author: Yifei; Jamel; Gazi Salah , Cai; Saadaoui; Uddin
Volume: 2024.12
Publisher: INFER
Year: 2024
No. of pages: 17
Category:
Working papers
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