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Tag Archives: ITG Investment Research

Oil on wild ride; How will it end?

NEW YORK — The price of oil is on a wild ride, and there is little agreement on where it’s headed. After falling nearly 60 percent from a peak last June, the price of oil has now bounced back 19 percent since late January, closing Monday near $53. Oil has fallen or risen by 3 percent or more on 14 ...

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Why drop in oil prices has downside for US economy

NEW YORK — If you’re a driver, a shipper or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices — for the oil industry and for the economy. Low fuel prices can help boost economic growth by reducing fuel bills and leaving consumers and companies with more money to spend ...

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