Crude Mood

#GrowthStabilizing will continue to work until it doesn't. What can put an end to global growth? High oil prices. Over the last three months, we've seen Brent crude oil work its way to above $116 a barrel while the US dollar falls in strength. $130 a barrel oil and higher gas prices will slow down consumption which in turn slows growth. Keep your eye on oil over the next month; we'll see where this takes us.