Although we may find the dropping gas prices delightful, we may need to worry. Today’s article discusses four reasons the plummeting oil prices are disturbing the stocks. Here’s what they had to say, “The benefits of cheap oil aren’t hard to pick out: Cheaper gasoline, and lower prices for other fuels, is often likened to a tax cut for consumers. The rub, though, is that the decline in oil prices alongside other economically sensitive commodities, including copper, might signal trouble in the global economy. A sputtering recovery in Europe and concerns about Asia have undercut oil demand even as robust production adds to a global oil glut.” To read more, CLICK HERE.
Falling Oil Prices Create Issues For Stocks
- by Bob Mitchell