The fall in oil prices could be just what the stock market needs

The combination of slipping demand and potentially increasing supply would support lower oil prices, though perhaps not drastically lower.

"Nobody wants $100 oil," says West. "I think $80 is probably something people on both sides, producers and consumers, are very comfortable with."Add investors to the list of those who'd love to bid adieu to the energy price spike, and to the overall inflation and Fed rate hikes that helped produce. With crude oil down 9% this month, stocks are enjoying their best month of the year — the S&P 500 is up over 5%.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Falls, as Tesla Sells 75% of Its Holdings – Market Updates Bitcoin NewsBitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. Limited time offer! 👉 MATICSHOW46 Hold everyone, HOLD‼️‼️‼️‼️‼️ Time to sell bitcoin dinosaur 🦖
Source: BTCTN - 🏆 531. / 51 Read more »

'Make No Mistake': Bear Market Isn't Over And These Stocks Could Lead The Next Plunge, Morgan Stanley WarnsStocks have staged a promising rally in the weeks since the Federal Reserve instituted its largest interest rate hike in 28 years.
Source: Forbes - 🏆 394. / 53 Read more »