comovement among different commodities. We assess whether speculation in the oil market played a role in driving this salient … the strength of global demand. However, speculation played a significant role in the oil price increase between 2004 and …

This paper explores the role of speculation and economy fundamentals in the oil market using a two-component GARCH …-term and long-term components regarding oil market volatility. The results indicate that a global demand shock is the only … factor found not only to be positive but to also significantly increase long- and short-term oil volatility in the full …

This paper explores the role of speculation and economy fundamentals in the oil market using a two-component GARCH …-term components in terms of oil market volatility. The results show that the global demand shock is the only one factor found to be … positive and significantly increasing long- or short-term oil volatility in the full sample. This is consistent with a classic …

This paper examines whether speculation in the global oil market contributes to herd behavior in the stock markets of … behavior during periods of high volatility while anti-herding is prevalent during calm markets. Anti-herding in the stock …