atans1

Noticed? Oil’s spiked to US$85 a barrel

In Economy, Energy on 08/10/2018 at 7:47 am

Not if u only read our constructive nation building (OK, OK, I don’t read BT) or TOC and other anti PAP publications.

What this means

A sharp and sustained rise in oil is one of the nastiest taxes on growth you can get.

FT columnist

So expect GDP growth here and elsewhere to slow down if oil doesn’t fall back to below US$80 (Top of trading range for this yr until late Sept).

Buy Keppel, and SembCorp listcos. And take a punt on the penny stocks in O&M sector?

Whatever, shows Trump is “stable genius”. His much criticised tax cuts earlier this yr, will help cushion the US consumer (and hence the world) againsat this oil price oil if it persists.

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