Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 432

The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.

Oil Prices and the Stock Market

Open access
Ready, Robert C·2018·Review of Finance
DOI 10.1093/rof/rfw071
Open this paper in CoChat — free account

Abstract

This paper develops a novel method for classifying oil price changes as supply or demand driven using information in asset prices. Motivated by a simple model, demand shocks are identified as returns to an index of oil producing firms which are orthogonal to unexpected changes in the VIX index, with supply shocks capturing the remaining variation in oil prices. Demand shocks are strongly positively correlated with market returns and economic output, whereas supply shocks have a strong negative correlation. The negative correlation of supply shocks and returns is strongest in industries that produce consumer goods, while the positive correlation of demand shocks is stronger for industries which use relatively large amounts of oil as an input.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1093/rof/rfw071

Cites

30 of 30 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 30 references

Cited by

See all 432

Metadata

Authors
Ready, R. C.
Venue
Review of Finance
Publisher
Oxford University Press (OUP)
Published
2017-02-16
Volume
22
Issue
1
Pages
155-176
ISSN
  • 1382-6662 (ISSN-L)
  • 1572-3097
  • 1573-692X
DOI
10.1093/rof/rfw071
OpenAlex
W3125290259
Cited by
432
References
30
FWCI
3.03
Type
journal article
Language
en
Open access
green

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: Oil Prices and the Stock Market. https://app.cochat.ai/papers/10.1093/rof/rfw071
The paper
Ready, R. C. (2018). Oil Prices and the Stock Market. Review of Finance. https://doi.org/10.1093/rof/rfw071

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.