“…The asymmetric influence of oil price volatility on economic advancement particularly on sectorial level was the focus of some recent studies such as the Mexican Rodríguez-Benavides et al ( 2022); his results showed that the oil costs effect on sectorial level effected only the second level sectors not the primary sectors of economic, therefore, policy makers must mitigate the effect of uncertainty in oil market in order to avoid any economic instabilities. The same conclusion also was approved in MENA countries by (Abdelsalam, 2020;Ahmed, 2016) after examining the speculated effects of oil prices on MENA countries, the results of his study supported the proposed expectation for the negative impact of oil prices on economic growth. In middle east region such as Jordan (Al Nsour and Malkawi, 2019;Tahtamouni et al, 2017;Bash, 2015) and Lebanon (Ghalayini, 2011) approved the negative impact of oil prices on GDP, they found that as long as the oil importing costs decrease the GDP arise.…”