{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2014:FSOWLU6ZQJ6R3DIHUCLBOQB6CR","short_pith_number":"pith:FSOWLU6Z","canonical_record":{"source":{"id":"1405.2445","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2014-05-10T16:12:06Z","cross_cats_sorted":[],"title_canon_sha256":"877790285fc9773e570fd34f4cf5f2f6a3ecf6b6cb80bf71feffd5c6cf81a097","abstract_canon_sha256":"b1fa59d162fd670571fddf07d481020133aae9288136e7ad712ecd538b9986e3"},"schema_version":"1.0"},"canonical_sha256":"2c9d65d3d9827d1d8d07a09617403e1460d50684a764ebca128df79b9fe06bb0","source":{"kind":"arxiv","id":"1405.2445","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1405.2445","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"arxiv_version","alias_value":"1405.2445v1","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1405.2445","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"pith_short_12","alias_value":"FSOWLU6ZQJ6R","created_at":"2026-05-18T12:28:28Z"},{"alias_kind":"pith_short_16","alias_value":"FSOWLU6ZQJ6R3DIH","created_at":"2026-05-18T12:28:28Z"},{"alias_kind":"pith_short_8","alias_value":"FSOWLU6Z","created_at":"2026-05-18T12:28:28Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2014:FSOWLU6ZQJ6R3DIHUCLBOQB6CR","target":"record","payload":{"canonical_record":{"source":{"id":"1405.2445","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2014-05-10T16:12:06Z","cross_cats_sorted":[],"title_canon_sha256":"877790285fc9773e570fd34f4cf5f2f6a3ecf6b6cb80bf71feffd5c6cf81a097","abstract_canon_sha256":"b1fa59d162fd670571fddf07d481020133aae9288136e7ad712ecd538b9986e3"},"schema_version":"1.0"},"canonical_sha256":"2c9d65d3d9827d1d8d07a09617403e1460d50684a764ebca128df79b9fe06bb0","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T02:52:05.486023Z","signature_b64":"pT91fppR2RxkARHGj6KmEMTzg4RmcQ5LOE6uFM+YDxkVGx3k9X/BN19I0YBg05UezSqqDZF1LCf5hfxDsi8fDA==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"2c9d65d3d9827d1d8d07a09617403e1460d50684a764ebca128df79b9fe06bb0","last_reissued_at":"2026-05-18T02:52:05.485538Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T02:52:05.485538Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1405.2445","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T02:52:05Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"HdtQ2lrmEv7cDkelnvAMl78NEZuLe/KpEp0v5l5qCZyVZB9YOEp5BInhGfYj6YBKHwc3LgfctjeaQrpfzMUVCw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-30T23:07:06.211280Z"},"content_sha256":"10d8b34f010575c2cae2dc01135f5775e91e59971363ebbc002f148050660acb","schema_version":"1.0","event_id":"sha256:10d8b34f010575c2cae2dc01135f5775e91e59971363ebbc002f148050660acb"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2014:FSOWLU6ZQJ6R3DIHUCLBOQB6CR","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"How does bad and good volatility spill over across petroleum markets?","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.ST","authors_text":"Evzen Kocenda, Jozef Barunik, Lukas Vacha","submitted_at":"2014-05-10T16:12:06Z","abstract_excerpt":"We detect and quantify asymmetries in volatility spillovers using the realized semivariances of petroleum commodities: crude oil, gasoline, and heating oil. During the 1987--2014 period we document increasing spillovers from volatility among petroleum commodities that substantially change after the 2008 financial crisis. The increase in volatility spillovers correlates with the progressive financialization of the commodities. In terms of asymmetries in spillovers we show that periods of increasing crude oil prices strongly correlate with dominating spillovers due to bad volatility. Overall, ba"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1405.2445","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T02:52:05Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"+A2InZLU+3z/UIuTpNUUsZbrelX5DM5LgZrDmwiIG0x76QQNtji8gWPTVyLl9TOz8uxo3qcNQvJDq+eDAE3wAA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-30T23:07:06.211647Z"},"content_sha256":"05944d23a04f8bde02ed1912cf29d1e0b1250d5f5a038dc38a385590709bb985","schema_version":"1.0","event_id":"sha256:05944d23a04f8bde02ed1912cf29d1e0b1250d5f5a038dc38a385590709bb985"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/bundle.json","state_url":"https://pith.science/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-05-30T23:07:06Z","links":{"resolver":"https://pith.science/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR","bundle":"https://pith.science/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/bundle.json","state":"https://pith.science/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/state.json","well_known_bundle":"https://pith.science/.well-known/pith/FSOWLU6ZQJ6R3DIHUCLBOQB6CR/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2014:FSOWLU6ZQJ6R3DIHUCLBOQB6CR","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"b1fa59d162fd670571fddf07d481020133aae9288136e7ad712ecd538b9986e3","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2014-05-10T16:12:06Z","title_canon_sha256":"877790285fc9773e570fd34f4cf5f2f6a3ecf6b6cb80bf71feffd5c6cf81a097"},"schema_version":"1.0","source":{"id":"1405.2445","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1405.2445","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"arxiv_version","alias_value":"1405.2445v1","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1405.2445","created_at":"2026-05-18T02:52:05Z"},{"alias_kind":"pith_short_12","alias_value":"FSOWLU6ZQJ6R","created_at":"2026-05-18T12:28:28Z"},{"alias_kind":"pith_short_16","alias_value":"FSOWLU6ZQJ6R3DIH","created_at":"2026-05-18T12:28:28Z"},{"alias_kind":"pith_short_8","alias_value":"FSOWLU6Z","created_at":"2026-05-18T12:28:28Z"}],"graph_snapshots":[{"event_id":"sha256:05944d23a04f8bde02ed1912cf29d1e0b1250d5f5a038dc38a385590709bb985","target":"graph","created_at":"2026-05-18T02:52:05Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"We detect and quantify asymmetries in volatility spillovers using the realized semivariances of petroleum commodities: crude oil, gasoline, and heating oil. During the 1987--2014 period we document increasing spillovers from volatility among petroleum commodities that substantially change after the 2008 financial crisis. The increase in volatility spillovers correlates with the progressive financialization of the commodities. In terms of asymmetries in spillovers we show that periods of increasing crude oil prices strongly correlate with dominating spillovers due to bad volatility. Overall, ba","authors_text":"Evzen Kocenda, Jozef Barunik, Lukas Vacha","cross_cats":[],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2014-05-10T16:12:06Z","title":"How does bad and good volatility spill over across petroleum markets?"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1405.2445","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:10d8b34f010575c2cae2dc01135f5775e91e59971363ebbc002f148050660acb","target":"record","created_at":"2026-05-18T02:52:05Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"b1fa59d162fd670571fddf07d481020133aae9288136e7ad712ecd538b9986e3","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2014-05-10T16:12:06Z","title_canon_sha256":"877790285fc9773e570fd34f4cf5f2f6a3ecf6b6cb80bf71feffd5c6cf81a097"},"schema_version":"1.0","source":{"id":"1405.2445","kind":"arxiv","version":1}},"canonical_sha256":"2c9d65d3d9827d1d8d07a09617403e1460d50684a764ebca128df79b9fe06bb0","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"2c9d65d3d9827d1d8d07a09617403e1460d50684a764ebca128df79b9fe06bb0","first_computed_at":"2026-05-18T02:52:05.485538Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T02:52:05.485538Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"pT91fppR2RxkARHGj6KmEMTzg4RmcQ5LOE6uFM+YDxkVGx3k9X/BN19I0YBg05UezSqqDZF1LCf5hfxDsi8fDA==","signature_status":"signed_v1","signed_at":"2026-05-18T02:52:05.486023Z","signed_message":"canonical_sha256_bytes"},"source_id":"1405.2445","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:10d8b34f010575c2cae2dc01135f5775e91e59971363ebbc002f148050660acb","sha256:05944d23a04f8bde02ed1912cf29d1e0b1250d5f5a038dc38a385590709bb985"],"state_sha256":"e6d2ec7d0cfec7c2165945f75729a1bd229e444b81b2b0d830a0befaf47c4dbb"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"RL9PFrV/oxw5fs78mzg1AvSIzooNKRHEhFvgU8E9qkWmN5f01kqyUAuvwNnXRqamO17PDgJVcDkmitiPgpNBBA==","signed_message":"bundle_sha256_bytes","signed_at":"2026-05-30T23:07:06.213734Z","bundle_sha256":"04c600671a80ae483df667b601623130466da9a0b99fd533a75a9e52504ff240"}}