ABSTRACT
In recent years, international crude oil prices have been subject to unusually high fluctuations due to the ravages of the COVID-19 epidemic. Under such extreme market conditions, online investor sentiment can strengthen the correlation between oil price changes and external events. We use a (rolling-window) structural vector autoregression method to investigate the dynamic impact of online investor sentiment on WTI crude oil prices before and after the COVID-19 pandemic across multiple topics of price, supply, demand, and so on, which aims to explore the fluctuation mechanism driven by sentiment and the price changes triggered by public health events. The proposed aspect-level sentiment analysis approach can effectively distinguish and measure sentiment scores of different aspects of the oil market. Our results show that the constructed oil price prosperity index contributes 49.84% to the long-term fluctuations of WTI oil price, ranking first among the influencing factors considered. In addition, the peak value of impulse shocks to WTI oil prices rose from 6.47% to 8.40% during the period of dramatic price volatility caused by the epidemic. The results sketch the mechanisms by which investor sentiment can affect crude oil prices, which help policymakers and investors protect against extreme risks in the oil market. © 2023 Elsevier Ltd
ABSTRACT
During COVID-19 pandemic, people experienced lockdown and associated distress. As face-to-face intervention was unfeasible, an 8-week Strength-based Online Community Intervention (SOCI) was developed and evaluated with a quasi-experimental design in Hubei Province, China from February to April 2020. Participants (N = 150) self-elected to join either the SOCI group or a casual discussion control group. Pre-/post-measures on post-traumatic stress, positive and negative affect, resilience, and spirituality were taken. Multivariate ANOVA revealed a significant combined effect with a medium effect size (partial eta squared = 0.11). Specifically, significant group × time interaction effects were revealed for resilience, spirituality, and positive affect. © 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.