Lower oil prices still good for stocks?… (Video)

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
13
32
Canada
Low oil prices = low global demand and therefore will be bad for equities.
 

Enivid

Administrator
Staff member
Nov 30, 2008
12,260
477
114
Odessa
www.earnforex.com
Low oil prices = low global demand and therefore will be bad for equities.
"Low global demand" for what? Oil? Lower oil prices are positively influencing any industry other than oil extraction and related (piping). That certainly drives stocks up. See this WTI vs. S&P500 chart for reference:

 

fxapex

Active Trader
Jun 7, 2013
258
7
29
but the still there is no clear picture for oil prices, OPEC has maintained its status on output, there might be no considerable upward movement int he rates right know.