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5 Top Weekly TSX Performers: Oil and Gas Stocks Jump

5 Top Weekly TSX Performers: Oil and Gas Stocks Jump
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Oil Price and Inflation: What's the Correlation?

Rising oil prices have historically preceded high inflation. Is there a strong relationship between the oil price and inflation?
Rising oil prices often bring dire headlines warning investors about the looming threat of inflation. But is there a causal relationship between the oil price and inflation?
Inflation devalues currencies and results in higher prices for consumer goods and services. In turn, the larger cost of living for consumers can negatively impact discretionary spending and economic growth.
Historically, higher oil prices have statistically correlated with inflation. As prices for oil go up, so do prices for goods that are dependent upon oil. For example, costs may increase for goods made from petroleum-based products such as plastics, or for goods such as fruits and vegetables that have traditionally been transported to market via gasoline- or diesel-powered trucks and trains. ....

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5 Top Weekly TSX Stocks: Journey Energy Up After Acquisition

Last week’s top-gaining stocks on the TSX were Paramount Resources, Crew Energy, Frontera Energy, Obsidian Energy and Journey Energy.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened lower last Friday (June 25), trading at 20,215.12. It closed the day slightly higher at 20,224.56.
Despite falling on the last day of the trading week, the index was able to achieve a weekly gain.
On Friday, the gold price rose as the US dollar retreated, and was on track for a weekly increase for the first time in four weeks. Silver was also up, trading above US$26 per ounce.

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