Impact of Economic Uncertainty, Geopolitical Risk, Pandemic, Financial & Macroeconomic Factors on Crude Oil Returns -- An Empirical Investigation

This study aims to use simultaneous quantile regression (SQR) to examine the impact of macroeconomic and financial uncertainty including global pandemic, geopolitical risk on the futures returns of crude oil (ROC). The data for this study is sourced from the FRED (Federal Reserve Economic Database) economic dataset; the importance of the factors have been validated by using variation inflation factor (VIF) and principal component analysis (PCA). To fully understand the combined effect of these f...