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How do mobility restrictions and social distancing during COVID-19 affect the crude oil price?

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 نشر من قبل Asim Dey
 تاريخ النشر 2021
  مجال البحث الاحصاء الرياضي
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We develop an air mobility index and use the newly developed Apples driving trend index to evaluate the impact of COVID-19 on the crude oil price. We use quantile regression and stationary and non-stationary extreme value models to study the impact. We find that both the textit{air mobility index} and textit{driving trend index} significantly influence lower and upper quantiles as well as the median of the WTI crude oil price. The extreme value model suggests that an event like COVID-19 may push oil prices to a negative territory again as the air mobility decreases drastically during such pandemics.



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