Oil Prices Head Lower

03/06/13 03:39PM EST

Over the last month, the US dollar has strengthened considerably, which in turn has helped deflate the great commodity bubble brought on by the policies of the Federal Reserve. Over the last month, Brent Crude oil has fallen from $119 to nearly $110 a barrel. Lower oil prices are a tailwind to recovery in the economy and help increase consumption. More consumption is a boon for stocks as consumers spend more instead of worrying about the price at the pump.

Oil Prices Head Lower - usdoil

© 2019 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.