Oil is becoming as an important determinant which affects the macroeconomic activities in unusual patterns among various parts of the world particularly since the first oil crisis in 1973. Also Petroleum products are recognized to be the essential source of energy and power throughout the world...

Oil is becoming as an important determinant which affects the macroeconomic activities and the stock market indices in unusual patterns among various parts of the globe particularly since the first oil crisis in 1973. Also Petroleum products are recognized to be the essential source of energy...