This study provides novel analysis of the events in the WTI crude oil futures market on April 20, 2020. We detail how the arbitrage linkages between the NYMEX CL contract and the e-mini NYMEX QM contract broke down and report new information about the unusual market conditions on that date....

This paper develops alternative text-based indexes assessing human sentiment and economic uncertainty in the oil market. The text analysis includes the titles and full articles of 138,797 oil related news items which featured in The Financial Times, Thompson-Reuters and The Independent from...