Surging oil prices add to worries of frazzled investors
Uptrend can cloud economic outlook by increasing costs for businesses, consumers
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Uptrend can cloud economic outlook by increasing costs for businesses, consumers
NEW YORK (Reuters) — A U.S. stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry: higher oil prices.
A U.S. stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry: higher oil prices. U.S. crude prices stand at around $91 a barrel after surging some 40% since Dec. 1 and earlier this week touched their highest level since 2014. Prices for Brent ...
Each 'sustained' $10 increase in the oil price per barrel adds about 0.3 percentage points to the overall consumer price index y/y: Oxford Economics.
© Reuters. PHOTO FILE: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, February 18, 2022. REUTERS / Brendan Mc