Purpose – The purpose of this paper is to re‐examine the structural origins of international crude oil price fluctuation. Design/methodology/approach – The paper establishes a structural vector autoregression model based on the generalized supply and demand analysis of crude oil price...

Purpose – The purpose of this paper is to re-examine the structural origins of international crude oil price fluctuation. Design/methodology/approach – The paper establishes a structural vector autoregression model based on the generalized supply and demand analysis of crude oil price...