supply shocks have little effect on the ICS, other oil demand shocks such as a precautionary demand shock, for example, have ….S. households' expectations about current and future economic conditions - responds to structural oil supply and demand shocks. We … a statistically significant negative impact over a two-year horizon. The effect of aggregate demand shocks associated …

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation … a significant lag, whereas shocks to oil demand do not. …

oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply … shocks. On the contrary, demand shocks impact significantly on the variability of the G7 stock markets. …