Oil fuels market volatility

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By scott miller

Once again, the major United States stock indexes were volatile, rising and falling sharply with the price of crude oil. For the second week straight, the price of oil finished up, as did the S&P 500, the Dow Jones Industrial Average and the Nasdaq. The yield on the 10-year Treasury also rose slightly as the move by investors to safe havens slowed.The price of crude jumped on Monday after the International Energy Agency said that even though it didn’t expect oil prices to recover until 2017, global inventories would shrink over that time. Prices tumbled the next day, however, after …

Source:: Vail Daily Feed

      

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