Middle East Economic Survey


No 46


The Complicated Relationship Between Oil Prices And Stock Markets

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

If you ask a layman about the relationship between the price of oil and the stock market, the expected answer would be: The relationship is negative. This kind of view is also shared by the financial press. But in reality, this...