The evolution of the day-of-the-week effect and the implications in the crude oil market

• Main Authors: Li, Wenhui, Zhu, Qi, Wen, Fenghua, Mohd Nor, Normaziah
• Format: Article
• Language: English
• Published: Elsevier BV 2022
• Online Access: http://psasir.upm.edu.my/id/eprint/95435/1/The%20evolution%20of%20the%20day-of-the-week%20effect%20and%20the%20implications%20in%20the%20crude%20oil%20market%20%20.pdf; http://psasir.upm.edu.my/id/eprint/95435/; https://www.sciencedirect.com/science/article/pii/S014098832200007X?via%3Dihub

The movement of prices in the crude oil market are important to the international economy and financial asset returns. Day-of- the-week effect is a great challenge to the market's effectiveness. We examine the evolution of day-of-the-week and investigate its implications based on the West Texas...