Oil and the Economy
Recent tensions in the Middle East have caused crude oil prices to move as much as 30% higher in recent weeks, from roughly $80 at the beginning of the year to roughly $100 at the end of February. Market participants will be monitoring further developments closely, as oil prices can have a significant impact on U.S. and global growth.
A recent paper from J.P. Morgan examined several key dynamics related to oil, including drivers of oil prices, the economic impact of higher oil prices, as well as ways for investors to prepare their investment portfolios to address both higher and lower oil prices. Click here for their analysis.