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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

Wallets Are Happy with the Drop in Oil Prices

Image: Via Flickr/Mike Mozart Image: Via Flickr/Mike Mozart
Image: Via Flickr/Mike Mozart Image: Via Flickr/Mike Mozart

Over the last four month, the rate of the U.S. Dollar was at a slump. But as of now, the situation seems to be a bit more refulgent. The U.S. Dollar has climbed the ladder, but, a change of this kind has caused a ripple effect towards every other aspect of the market. Apple’s share prices have risen.,Walmart’s have decreased and Urban Outfitters have increased.

One such change is the change in oil prices. One would expect the oil prices to increase by the minute due to the belligerent conditions in Syria and Iraq that have been going on for a while now. On the contrary, the prices of oil per barrel have dropped to $66 a barrel.

Usually, good news shouldn’t be analyzed too much and the fruits should simply be enjoyed, but it is evident that there have been changes brewing in the market. Some companies are precarious at the moment while some stand strong and their strength is only exponential.
The coming few days should be interesting as it may be a battle among the big boys at Wall Street. A single change could be a catalyst in changing the situation of every single market element. So here’s to hoping that the markets only proceed to get kinder on our wallets and ameliorate the economy.

Image: Via Flickr/Mike Mozart


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