The Relationship between the Oil Market and the Stock Market: An Empirical Study for 2010 – 2019

Hedayatullah Attaie


Energy prices, which are an important indicator in the world economy, change frequently. Especially crude oil prices have an important place for both the world economy and financial markets. This study analyzes the relationship between commodity markets and the stock market for the United State of America. The weekly data used for Brent oil, West Texas Intermediate (WTI) oil, and stock market (S&P 500) for the period from January 2010 to 30 November 2019. The findings show that after 2008 there is no Granger causality existed between the variables under observation period.


Commodity Markets, West Texas Intermediate (WTI), Granger Causality, Stock Market, Crude Oil

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