investigate how oil price volatility behaves when the index unexpectedly changes. I find that unexpected increases in the … newspaper index are strongly associated with higher levels of oil price volatility, both realized and implied. In some cases …, interest levels and price volatility appear to be driven by the OPEC event itself, such as the Iraq invasion of Kuwait. In …

measure of oil price uncertainty, namely an option-implied volatility, and a measure of macroeconomic uncertainty. Positive …

volatility in the oil markets. But after a promising beginning many member states - economies have declined rather than prospered …