Oil and stock prices

Authored by: Perry Sadorsky

Routledge Handbook of Energy Economics

Print publication date:  September  2019
Online publication date:  September  2019

Print ISBN: 9781138208254
eBook ISBN: 9781315459653
Adobe ISBN:


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The literature on the relationship between oil prices and stock prices has grown rapidly over the past 20 years. The purpose of this chapter is to provide a survey of the important developments in this literature. The chapter first presents the conceptual framework for how and why oil prices impact stock prices. Then the main empirical approaches and methods are highlighted. These empirical approaches include multi-factor models, VARS, SVARS, switching models, copulas, and wavelets. The chapter concludes with some suggestions for future research.

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