Forecasting the U.S. oil markets based on social media information during the COVID-19 pandemic.

ABSTRACT: Accurate oil market forecasting plays an important role in the theory and application of oil supply chain management for profit maximization and risk minimization. However, the coronavirus disease 2019 (COVID-19) has compelled governments worldwide to impose restrictions, consequently forcing the closure of most social and economic activities. The latter leads to the volatility of the oil markets and poses a huge challenge to oil market forecasting. Fortunately, the social media information can finely reflect oil market factors and exogenous factors, such as conflicts and political instability. Accordingly, this study collected vast online oil news and used convolutional neural network to extract relevant information automatically. Oil markets are divided into four categories: oil price, o

SUBMITTER: Wu B 

PROVIDER: S-EPMC8486164 | biostudies-literature | 2021 Jul

REPOSITORIES: biostudies-literature