Hanif, WaqasEl Khoury, RimKang, Sang Hoon2024-10-222024-10-222024-09-181350-4851http://hdl.handle.net/10400.1/26122This study examines the interconnectedness between crude oil and European sectors during the Russia-Ukraine conflict. Using a quantile coherence approach, we investigate the intraday dynamics of market interactions at different quantiles and frequencies. The findings reveal that in the short-term, oil emerges as a robust hedge for 12 sectors in stable market conditions, transitioning to a weaker hedge during bullish and bearish market conditions. Furthermore, the long-term analysis shows a stronger coherence between oil and stock sector indices. The medium-term and long-term analyses reveal shifts in dependence structures, with oil acting as a safe haven in bullish markets for specific sectors. These findings provide valuable insights for investors and policymakers in managing risks amid geopolitical events, contributing to the existing literature on oil-European sector dynamics.engQuantile coherenceCrude oilEuropean sectorsIntraday dataRussia-UkraineConflictjournal article10.1080/13504851.2024.24029441466-4291