Oil's Dark Shadow Looms Over Markets Again Markets often turn to past behavior for guidance in uncertain times. When it comes to oil prices, history shows that a rise above $100 per barrel rarely yields benign results.
This week, futures slipped 0. 3% and stocks diverged, leaving investors to confront the specter of inflation and potential interest rate hikes.
The latest numbers from the Bureau of Labor Statistics show wholesale prices rose 5. 4% year over year in August, while producer prices advanced by 4. 6% on a core basis.