Advances in Economics, Management and Political Sciences

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Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2

Series Vol. 6 , 27 April 2023


Open Access | Article

Interaction between the Macroeconomic Environment and Oil Prices in the Context of COVID-19

Wenjing Yu * 1
1 Shanghai Business School, 123 Fengpu Avenue, Shanghai, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 6, 65-68
Published 27 April 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Wenjing Yu. Interaction between the Macroeconomic Environment and Oil Prices in the Context of COVID-19. AEMPS (2023) Vol. 6: 65-68. DOI: 10.54254/2754-1169/6/20220149.

Abstract

The study of its impact on the global macroeconomic environments and the world oil mar-ket since the COVID-19 outbreak and the relationship between the two will help people in the post-epidemic era to deepen their understanding of the current global economic situa-tion, to have a perception and thinking about the situation of The Times, and also help us to discuss and explore how to deal with the relevant situation. Thus, it can achieve better sur-vival and development under the severe world situation and the background of The Times.

Keywords

Oil Prices, Macroeconomic Environment, The World Oil Market, COVID-19 Outbreak

References

1. Zhang Jie. The Impact and Countermeasures of the Novel Coronavirus Epidemic on Sino-US Economic and Trade Relations[J]. Asia-pacific Economic Review,2020(02):5-11+149. DOI: 10.16407/j.cnki.1000-6052.2020.02.001.

2. Dai Jiaquan, Shi Hongyu. The COVID-19 pandemic has hit the world economy hard, exacerbating the contra-diction between supply and demand in the oil and petrochemical market(Chinese)[J]. INTERNATIONAL PETROLEUM ECONOMICS,2021,29(01):39-40.

3. Zhou Meifang, Liu Yu, Zhang Jinzhu, Cui Qi. COVID-19 and Its Macroeconomic Countermeasures in China: Impact and Effectiveness[J]. The Journal of Quantitative & Technical Economics,2020,37(08):24-41. DOI:10.13653/j.cnki.jqte.2020.08.002.

4. Fu Peiyu. Quantitative Analysis of COVID-19 Impact on Domestic and Foreign Macroeconom-ics[J].Petroleum & Petrochemical Today,2021,29(04):18-23.

5. Sun Jiaze,Li Huijuan,Dai Jun. The impact of COVID-19 on the global macro economy and value chain struc-ture(Chinese), 2022(01): 52-62. DOI: 10.19654/j.cnki.cjwtyj.2022.01.005.

6. Mckibin,W.The Global Macroeconomic Impacts of COVID-19 Seven Scenarios[JAsian Economic Pa-pers ,2021,20(2):1-30.

7. Huang Xiaoyong. Market forces are the fundamental cause of large fluctuations in international oil prices——A Review of Wang Nengquan's The Age of Oil(Chinese)[J]. Management World, 2019, 35(09): 195-197. DOI: 10.19744/j.cnki.11-1235/f.2019.0126.

8. Yuan Jie, Yuan Zhongyu, Yang Yunfan, Zhao Kai, Yang Xiuzhang, Luo Zijiang. Empirical Study on the Impact of Global COVID-19 Epidemic on Oil Prices at Home and Abroad[J]. Modern Computer,2021,27(28):14-20.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2
ISBN (Print)
978-1-915371-23-2
ISBN (Online)
978-1-915371-24-9
Published Date
27 April 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/6/20220149
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated