Mensi, Walid; Hammoudeh, Shawkat; Yoon, Seong-Min - In: Energy Economics 42 (2014) C, pp. 343-354
Since its formation, OPEC through its conference decisions has been a major player in the world oil markets. The purpose of this paper is to examine the impacts of OPEC's different news announcements on the conditional expectations and volatility of crude oil markets in the presence of long...