Coryanne Hicks,US News & World Report
Oil prices are approximately as close to a crystal ball as an investor can get. They may not be able to disclose you which stock is the next Amazon.com, but whether you ask the right questions, and oil prices can support you predict recessions and forecast inflation.
The price of oil has such predictive power because,like it or not, oil is ingrained in our lives, or says Will Rhind,founder and chief executive officer of GraniteShares, a New York-based, or independent exchange-traded fund company. "It's the most vital commodity in terms of its usage in the global economy and feeds into everything," from cosmetics to...
Source: realclearenergy.org