Miner Company
Smothers: Oil Above $80 Will Add Long-Term Consumer & FOMC Pressures
"We can survive" with crude oil hovering around $80, but anything above that will hurt consumers, says Dale Smothers. If the commodity reaches $100 or higher, Dale expects pressures to pinch consumer staple stocks the most and will have much wider global implications.
"We can survive" with crude oil hovering around $80, but anything above that will hurt consumers, says Dale Smothers. If the commodity reaches $100 or higher, Dale expects pressures to pinch consumer staple stocks the most and will have much wider global implications.