Wall Street and Oil Prices
USA Today wonders how long Wall Street will remain blase about oil prices?
Adam Shell reports:
NEW YORK — $50 oil has not turned out to be a major depressant on stocks after all. But what about crude at $60 per barrel? $65? $70?
Or how about $80, which would roughly match the inflation-adjusted peak hit in 1981?Crude, which jumped 32 cents Friday to a record high of $56.72, is flirting with the “Big Six-O.”
Until now, stock prices have remained stubbornly solid, despite the fact analysts had much lower crude prices plugged into their stock valuation models at the start of the year.


No Responses to “Wall Street and Oil Prices”
Please Wait
Leave a Reply