Commodities, Год журнала: 2025, Номер 4(2), С. 4 - 4
Опубликована: Март 21, 2025
This study analyzes the market efficiency of crude oil markets, namely Brent and West Texas Intermediate (WTI), during three different periods: pre-COVID-19, COVID-19 pandemic, ongoing Russia–Ukraine military conflict. To evaluate wavelet entropy is computed from price, return, volatility series. Our empirical results show that WTI prices are predictable conflict, but difficult to predict same period. The were pandemic. Returns in more conflict than they Finally, carried information pandemic compared Also, series for These findings offer insightful investors, traders, policy makers relation energy under various extreme conditions.
Язык: Английский