Summary
UNITED States stocks fell in the last fortnight, as the price of oil
climbed to a record US$ 55 per barrel, raising concerns that higher fuelSee the full content of this document
Extract
In Rally Mode
costs will hamper profit growth. `Crude oil is weighing down the market
right now,' said Bill Hanlon, an economist at Linn Group, a futuresbrokerage in Chicago. `I'm not all that optimistic about the economy orthe stock market. There's no catalyst.'The increase of 70% in the price of crude oil over the past year isslowing economic expansion worldwide. `Skyrocketing oil prices are suckingthe wind out of the global economy,' said Joel Naroff, pre...See the full content of this document
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