Oil Prices Are Important, But Gasoline Prices Dominate Market Action

Submitted by inthemoneystocks on 09/10/2013 11:07 -0500



 
Anytime there is a geopolitical event taking place in the Middle East the price of oil seems to surge higher. That was the case recently as light crude oil futures (CL) jumped as high as $112.24 a barrel. Higher oil prices certainly hurt the U.S. consumer, but as long as gasoline prices do not climb rapidly the major stock indexes do not seem to react negatively. ...Continue reading here: http://bit.ly/1eA7T6z
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