Template-Type: ReDIF-Article 1.0 
Author-Name: Xiaohang Ren
Author-Name:  Jingxuan Cao
Author-Name:  Kun Duan
Author-Email:  kunduan@hust.edu.cn
Author-Workplace-Name:  School of Business, Central South University, China
Title: The Dynamics of the Chinese and Global Crude Oil Market Integration - Evidence From a DCC-MIDAS Model
Abstract:  This paper studies the correlation between Chinese crude oil futures and international benchmarks using DCC-MIDAS models. We find that the correlation between the Chinese and international crude oil markets heightened during the COVID-19 outbreak and peaked in June 2020. As the intensity of the pandemic in China weakened, the oil market correlation weakened as well. However, as international oil prices increased from October 2021 afterwards, the oil market correlation heightened.
Classification-JEL:  CQ41 ,Q50
Keywords:  Crude oil futures market, Market integration, DCC-MIDAS
Journal:  Energy RESEARCH LETTERS
Pages: 1-6
Volume: 5
Issue: 1
Year:  2024
DOI:  2024/07/10
File-URL:  https://erl.scholasticahq.com/api/v1/articles/37695-the-dynamics-of-the-chinese-and-global-crude-oil-market-integration-evidence-from-a-dcc-midas-model.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:98