BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 email@example.com
Oil prices have risen in recent weeks, due in part to inventory level readings and geo‐political tensions (Iran). A barrel of West Texas Intermediate Crude oil (WTI) reached over $72 this week, a 20% increase from $60 a barrel in mid‐February. While a significant rise, the economic impact of increasing oil prices on the U.S. is less than it was decades ago, as the U.S. imports less oil than it did before. Hopefully individual companies and the economy can gracefully handle oil price fluctuations in the months ahead. In all, equity futures are lower this morning heading into the market open.
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