San Angelo and the Permian Basin is heavily reliant on the oil and gas industry. The purpose of this project is to discover the impact that OPEC’s announcements have on oil stock market returns in the United States and the local region during 2000-2015. Our research hypothesis is that there is a negative correlation between the manipulations and the crude oil returns for this period. Because West Texas relies heavily on the oil sector for community growth, this topic has significant financial and economic implications for this community.
The effects of OPEC’s announcements on stock market returns.
Faculty Mentor Name
Dr. Biqing Huang
Undergraduate Faculty Mentored Research Grant