Sheng, Xin; Gupta, Rangan; Ji, Qiang - In: Risks : open access journal 11 (2023) 11, pp. 1-9
We examine the impact of the global economic activity, oil supply, oil-specific consumption demand, and oil inventory … involving 211 macroeconomic and financial variables in the quarterly period of 1975:Q1 to 2022:Q2. We find that positive oil … is witnessing downside risks. Interestingly, oil-specific consumption demand and oil inventory demand shocks contain no …