U.S. Partisan Conflict, Sino-U.S. Political Relation News, and Oil Market Dynamics

NEW WORKING PAPER: Recent increasing partisan conflicts in the US strain the relationship between the US and China, leading to a decrease in oil demand and a temporary rise in oil prices. Conversely, positive news shocks regarding Sino-U.S. political relations reduce political conflicts in the US, resulting in decreased oil demand and prices. Last, positive shocks to good and bad news have asymmetric effects on the oil market.

You are welcome to download, share, or comment on the following working paper:

  • Yifei Cai, Jamel Saadaoui, Gazi Salah Uddin (17 June 2024), U.S. Partisan Conflict, Sino-U.S. Political Relation News, and Oil Market Dynamics. SSRN Working Paper: ssrn.4868418.

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