Oil Rallies to $83, and Most Investors Cringe

Filed under: International Markets, China, Commodities, Oil

Investors whose stock and related plays hinge on the price of commodities would be wise to pay close attention to one, key commodity, oil, which popped up $1.52 Monday to $82.95 per barrel.



Investors should also note the primary factor analysts' cited in oil's rise: word of better-than-expected manufacturing sector growth in October in China.



Further, the above refrain is something U.S. investors should get used to: stronger growth in emerging markets abroad, higher commodity costs here.



True, while a myriad of domestic factors are capable of pushing oil and other key commodity prices higher, emerging markets, with their stronger-growth economies and expanding workforces, have the capacity to boost commodity consumption, and by extension, commodity prices, in a big way.

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Oil Rallies to $83, and Most Investors Cringe originally appeared on BloggingStocks on Mon, 01 Nov 2010 16:40:00 EST. Please see our terms for use of feeds.

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