The relationship between oil prices and energy sector stocks in the global recession issue

Authors

  • Christina Mikhaila Suoth Sam Ratulangi University
  • Feibe Cindy T Rumengan Sam Ratulangi University

DOI:

https://doi.org/10.58784/cfabr.25

Keywords:

crude oil, returns, energy sector, global issues

Abstract

Changes in world oil prices as a result of global issues have had a certain impact on the capital market in Indonesia. This study aims to examine the relationship between stock prices in the energy sector and fluctuations in world oil prices. Observations were made from January to April 2023 with a sample of 76 firms in the energy sector. The result of the analysis shows that stock prices in the energy sector have high variability throughout the observation period. In addition, this study finds that energy sector stock prices have a positive relationship with world oil prices.

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Published

2023-06-17

How to Cite

Suoth, C. M., & Rumengan, F. C. T. (2023). The relationship between oil prices and energy sector stocks in the global recession issue. The Contrarian : Finance, Accounting, and Business Research, 2(2), 36–40. https://doi.org/10.58784/cfabr.25

Issue

Vol. 2 No. 2 (2023)

Section

Articles

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Copyright (c) 2023 Christina Mikhaila Suoth, Feibe Cindy T Rumengan

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