ABSTRACT
Coronavirus (COVID-19) has turned to be an alarm for the whole world both in terms of health and economics. It is striking the global economy and increasing the unpredictability of the financial market in several ways. Significantly, the pandemic spread stimulated the social distancing which led to the lockdown of the countries’ businesses, financial markets, and daily life events. International oil markets have accommodated the crude oil prices during the early COVID-19 period. However, after the first 50 days, Saudi Arabia has surged the market with oil, which caused a certain decrease in crude oil prices, internationally. Saudi Arabia is one of the biggest oil reserves in the world. International trade is based on oil reservoirs which in turn, have been significantly dislodged by the pandemic. Therefore, it is crucial to study the impact of COVID-19 on the international oil market. The purpose of this study is to investigate the short-term and long-term impact of COVID-19 on the international oil market. The daily crude oil price data is used to analyze the impact of daily price fluctuation over COVID-19 surveillance variables. The correlation between surveillance variables and international crude oil prices is calculated and analyzed. Consequently, the project will help in stabilizing the expected world economic crises and particularly will provide the implications for the policymakers in the oil market. © 2021 The Authors. Published by IASE.
ABSTRACT
People are afraid about COVID-19 and are actively talking about it on social media platforms such as Twitter. People are showing their emotions openly in their tweets on Twitter. It's very important to perform sentiment analysis on these tweets for finding COVID-19's impact on people's lives. Natural language processing, textual processing, computational linguists, and biometrics are applied to perform sentiment analysis to identify and extract the emotions. In this work, sentiment analysis is carried out on a large Twitter dataset of English tweets. Ten emotional themes are investigated. Experimental results show that COVID-19 has spread fear/anxiety, gratitude, happiness and hope, and other mixed emotions among people for different reasons. Specifically, it is observed that positive news from top officials like Trump of chloroquine as cure to COVID-19 has suddenly lowered fear in sentiment, and happiness, gratitude, and hope started to rise. But, once FDA said, chloroquine is not effective cure, fear again started to rise. © 2021 IGI Global. All rights reserved.