International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 9, Issue 1 (January 2022), Pages: 27-33

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 Original Research Paper

 Title: Measuring the impact of COVID-19 surveillance variables over the international oil market

 Author(s): Abdulrahman A. Alshdadi 1, 2, Malik Khizar Hayat 3, Ali Daud 1, *, Ameen Banjar 1, Hussain Dawood 4

 Affiliation(s):

 1Department of Information Systems and Technology, College of Computer Science and Engineering, University of Jeddah, Jeddah, Saudi Arabia
 2Big Data Centre, Makkah, Saudi Arabia
 3Department of Information Technology, University of Haripur, Haripur, Pakistan
 4Department of Computer and Network Engineering, College of Computer Science and Engineering, University of Jeddah, Jeddah, Saudi Arabia

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0002-8284-6354

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2022.01.004

 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.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: COVID-19, Correlation, Age, Gender, Hospitalization, Tests performed, Recovery

 Article History: Received 1 August 2021, Received in revised form 25 October 2021, Accepted 4 November 2021

 Acknowledgment 

The work was funded by the University of Jeddah, Saudi Arabia under Grant No (DSR-UJ-20-044-DR). The authors, therefore, acknowledge with thanks the university's technical and financial support.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Alshdadi AA, Hayat MK, and Daud A et al. (2022). Measuring the impact of COVID-19 surveillance variables over the international oil market. International Journal of Advanced and Applied Sciences, 9(1): 27-33

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 Figures

 Fig. 1 Fig. 2 Fig. 3 Fig. 4 Fig. 5 Fig. 6 Fig. 7 Fig. 8 Fig. 9 Fig. 10 Fig. 11 Fig. 12 

 Tables

 Table 1 Table 2    

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