The Case for Lower Oil Prices

If you follow markets at all, you are probably aware that this past week was “inflation week” in America. The Producer Price Index (PPI), which measures price changes at the wholesale level, was released on Tuesday, with the measure of retail price changes, the Consumer Price Index (CPI), following closely on its heels on Wednesday. The 5-Day chart for the S&P 500 (above), shows that the numbers were considered good for stocks, or at least were well received by stock traders. There was an initial move up in early trading on Tuesday…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com