GDP, Inflation, Oil

Strong GDP numbers are being credited with driving the US stock market higher, outweighing concerns about interest rate increases. High oil prices are boosting Energy stocks but are they damgaing the world econmy as the International Energy Agency claims?

It’s an important question because OPEC seems less concerned about high oil prices than they used to:

Dealers shrugged off news of rising US crude stockpiles to focus on Saudi oil minister Ali al-Naimi’s forecast that oil would stay between $40 and $50 for the rest of this year, a signal the Opec cartel might be happy with such levels.

One Response to “GDP, Inflation, Oil”

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