Newspaper article from our research archive:

Oil prices might slam stocks

NEW YORK - Investors may feel the effects of high oil prices in their stock holdings as well as their fuel bills.

The latest spike in crude oil futures, which now hover above $56 per barrel, sent stocks tumbling this past week as investors, rightly so, feared that price hikes could soon ripple throughout the economy and trigger inflation.

Rising oil prices pressure every sector of the stock market, except for energy stocks. And if the Federal Reserve hikes interest rates more rapidly to combat the inflationary threat, economic pressures could also drive stocks lower.

The various scenarios leave few places for portfolios to hide. And sadly, hoarding Dubai crude futures isn't the answer.

"The ...

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