Revisiting Crude Oil Prices and Energy Indices Returns Nexus
Crude oil plays a crucial role in fueling the world economy and driving the global commodity market.This study focuses on examining how different energy indices retort to changes in WTI oil prices.The researchers utilized daily data of WTI crude oil and four energy stock indices: the Nifty Energy Index, BSE Energy Index, MSCI World Energy Index, and S&P Energy Index.The empirical findings reveal that the BSE energy and NSE energy indices are less sensitive to crude oil price changes compared to the MSCI World Energy Index and S&P 500 energy index.
Authors
- Saleem Shaik (ORCID: https://orcid.org/0000-0001-6177-2520)
- K Kokila.
Institutions
- Vellore Institute of Technology University (IN)
Publication Details
- Published
- 2025-01-27
- DOI
- https://doi.org/10.26573/2025.22.1.47
- Primary Topic
- Market Dynamics and Volatility
- Type
- article
- Field-Weighted Citation Impact
- 0.00