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Abstract This paper studies the cyclo-stationary causality of crude oil price movements using (1) net inventory withdrawals as a fundamental related factor and (2) the VIX index as an uncertainty/financial related factor. It uses frequency causality tests to assess their predictive power for crude oil movements with different time cycles. Results show that WTI crude oil prices had a quick reaction to oil net inventory withdrawals movements and a lesser extent to VIX before 2010. However, this result reversed after, revealing no predictive power of the fundamental related factor while the VIX is observed as a persistent leading indicator with high frequencies over the period 2010:12 - 2022:06. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-05-17 How to Cite Mounir, A. (2023). Crude Oil Price Movements between Fundamental and Uncertainty: Evidence from Frequency Causality Tests. International Journal of Energy Economics and Policy, 13(3), 428–433. https://doi.org/10.32479/ijeep.14079 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 3 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı

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