ECONOMIST’S EDGE
The Day Oil Markets Reacted to Omicron
The Day Oil Markets Reacted to Omicron
By Bluford Putnam, Ph.D., Chief Economist, CME Group and Member of the JPMCC’s Research Council; and Arthur Yu, Manager, Data Science, CME Group
The authors put in context how the oil markets responded to the Omicron news shock in late November 2021, noting how the markets followed a pattern seen on other event risk days. They also provide useful real-time metrics for interpreting a market’s response during eventful periods.
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