For decades, conventional wisdom was that low oil prices were good for the economy, but that was before crude prices crashed all the way down below $30 a barrel back in 2016. Since then, prices have risen all the way back up to almost $70 per barrel, sparking renewed concerns of risk to the upside. Jeff Kleintop joins Randy Frederick for this week’s Stock Market Report to talk about whether the current trend in oil prices is positive or negative for the economy.
Subscribe to our channel:
Click here for more insights:
(0418-8BBN)