The Morning View from West End: May 24, 2018

  • May 24, 2018

BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611   mbartlett@argenttrust.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.

This information has been prepared by Argent Trust to highlight issues which may be of interest to the recipient and is not intended as legal, investment or tax advice. You are urged to seek legal, tax and accounting counsel for your particular situation before acting on topics discussed here. At Argent Trust, we assist our clients in managing and enhancing their wealth. Please call us at 615.591.0044 with questions or to schedule a meeting. © 2018 Argent Financial.