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OIL?

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Runbird
Contributor
All you experts out there, could you explain something to me, please? Oil is rising, which is bad for the US markets but good for us? Is this right? My logic is that and increase in the oil price normally means an increase in gold and other commodities. Since the US is a net importer of most commodities, it affects them negatively, but not us. So, if the US markets open lower on concerns on the oil price, will we follow them lower, or not?
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4 REPLIES 4
cfm
Super Contributor
Just remember that an increase in oil leads to an increase in petrol prices, leads to increased transport costs, leads to higher prices and higher inflation figures, which is bad.
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john_1
Super Contributor
Oil has no bearing on the other com's except as an input cost. but the dollar does as does the rand
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asylum
Super Contributor
So in other words oil price up = buy Sol!
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asylum
Super Contributor
oil still going up latest 2.9% up
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