Could rising oil prices stunt stock rally?
On October 16, 2009, in USA Today the investors may be happy to see the stock prices hitting high this year, but there is something else is soaring that's a bit scary. It is the oil prices.The investors have strong global demands for cars and idled production facilities.
The price of a barrel of oil has jumped more than $76 for this year. It have staggering 76 percent rise in 2009. It gain the stock 20.4 percent increase this year.
The most problem is that the last time that oil was high was late 2007. The oil are going up again. Some people are wondering if rising oil prices are the potential for this market rally.
The investors wonder will rising the oil prices could affect the stocks. They would be watching to see if the oul prices jump or not.
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