Rejecting the Popular Fears About Oil and Stocks

After Brent crude roundtripped the war-driven jump, recently renewed fighting has it popping up again with prices hitting $100 last week before receding to around $85 Tuesday as fighting paused—briefly.[i] However, Brent was back over $90 Wednesday as attacks resumed. Predictably, seeing the steep upswing, pundits are rerunning fearful coverage from March and April, when oil’s piercing $100 led many to fret it would hammer the economy. Back then, we doubted oil would have the negative effects so many thought. We still do. Here is why. Read Full Article »