Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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The Impact of Oil Prices on the U.S. Stock Market

Authors
Congqi Bai1, *, †, Chenglin Gong2, *, †, Ziyang Qiu3, *, †, Yingjie Sheng4, *, †, Tong Wu5, *, †
1Harbin No.3 High School, Harbin,150000, China
2Jiangsu Tianyi High School,Wuxi, 214000,China
3Hurtwood House School, Surrey, RH5 6NU, United Kingdom
4Juan Diego Catholic High School, Draper, UT 84020, United States
5Robert Louis Stevenson School, Pebble Beach, CA 93953, United States
†

These authors contributed equally.

*Corresponding author. Email: awu23@stevensonschool.org
Corresponding Authors
Congqi Bai, Chenglin Gong, Ziyang Qiu, Yingjie Sheng, Tong Wu
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.012How to use a DOI?
Keywords
Oil prices; Stock returns; U.S. Stock Market
Abstract

Oil is closely related to the world economy and is one of the most important materials in the commodity market. Its price fluctuation can directly affect the supply of the oil market, thus affecting world inflation. The US stock market can more reflect the world profit level and economic indicators. They are the key components of the world economy and an interesting research area, so we conducted this research. This study analysis and compare historical data of oil price and the U.S. stock market return. The price of crude oil does not affect the stock market directly, but it does affect U.S. stocks through indirect transmission. The analysis indicates that the oil price has little influence when it is stable, but it has more influence when it is volatile. A correlation can arise because changes in the crude oil price rate affect the outlook for a firm’s corporate profits and therefore affect the U.S. stock market performance. In addition, crude oil prices affect CPI and PPI, a leading measure of inflation, which in turn affects U.S. interest rates and corresponding affecting the US stock market.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.012How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Congqi Bai
AU  - Chenglin Gong
AU  - Ziyang Qiu
AU  - Yingjie Sheng
AU  - Tong Wu
PY  - 2021
DA  - 2021/12/15
TI  - The Impact of Oil Prices on the U.S. Stock Market
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 69
EP  - 77
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.012
DO  - 10.2991/assehr.k.211209.012
ID  - Bai2021
ER  -