This paper presents a survey on recently published studies on relationship between oil price and stock market. The study covers several studies on the effects of oil price on China, India, Lebanon, United States and some other G7 stock markets. | Oil price shocks and stock market returns Accounting 2 2016 103 108 Contents lists available at GrowingScience Accounting homepage ac Oil price shocks and stock market returns Maryam Orouji Masters in Physics Nikan high School Community Education Council District 2 Tehran Iran CHRONICLE ABSTRACT Article history During the past few months there has been a steady downside trend on oil price. From summer Received December 5 2015 2015 to winter 2016 the oil price has declined to the 20 range. Its rate of decline is amazing Received in revised format having lost 10 one third of its value in just one month. This paper presents a survey on February 16 2016 recently published studies on relationship between oil price and stock market. The study covers Accepted February 26 2016 Available online several studies on the effects of oil price on China India Lebanon United States and some February 26 2016 other G7 stock markets. We also review the effects of oil price volatility on stock market. The Keywords results of most studies have indicated some strong relationships between oil price volatility and Oil price stock market return. Volatility Stock market 2016 Growing Science Ltd. All rights reserved. 1. Introduction During the past few months there has been a steady downside trend on oil price. From summer 2015 to winter 2016 the oil price has declined to the 20 range. Its rate of decline is amazing having lost 10 one third of its value in just one month. Despite the fact that the price of a barrel of crude oil has not hit its all-time low adjusted for inflation of from December 1998 it is very likely to get there in less than a month if the same decline trend continues. The 20 price of a barrel of crude oil is unanimously considered cheap to put things in perspective crude oil has become inexpensive than the proverbial steel barrel or even mineral water. The 20 range is also a game changer for many perspectives of human life. Undeniably
