The Influence Of Public Opinion Tendencies Of Multinational Financial Institutions On The Crude Oil Market

The 21 st century is an era of information explosion.The rise of the Internet,the popularity of mobile terminals,and the rise of basic knowledge of people's Internet use make information infiltrate every moment and influence our lives.Naturally,financial markets cannot avoid the impact of more and more information.The research reports of the portal's financial channel and financial institutions have formed the main source of internet information in the financial market.The two also have caused the impact of the media as a medium on the financial market.Scholars' research interests.However,the media in these studies refers to the financial media as a publishing platform.The influence of selective media reporting on investors in the research media often ignores the producers of professional information,especially influential financial institutions.Concentrated on unclassified investors who are focused on the stock market.This article attempts to seek the relationship between the research reports of large financial institutions and the oil market.There is less research on more professional investors(such as participants in the commodity market).This article is based on the traditional research logic of multinational financial institutions' research information-investor sentiment-investor behavior-asset price,based on the literature review,taking crude oil spot and futures price as the research object,analyzing four important international issues.Whether the mood of financial institutions affects the two types of commodity futures markets,and the size and timing of the impact.Based on the analysis of the changes in crude oil prices of bulk commodities by four major transnational financial institutions in the past two years,this paper establishes an econometric model to describe the volatility characteristics of oil prices around the emotional color of institutions.The analysis finds that the degree of influence of the overall emotional sentiment of the institution on crude oil prices is similar to that of stock prices affected by financial news.Different institutions have different degrees of influence on crude oil prices.The impact of information on prices also shows a significant decay over time.