There are some signs that the influence of oil on other assets may be fading…. Here’s a number to focus on: $50. That’s per barrel, the price of Brent crude oil at which falling prices started to hurt rather than help shares and other risky assets. Monday’s 6% fall and rebound in oil pushed equities down and back up, once again demonstrating its importance. Brent prices rose 2.6% to $44.03 Tuesday, well within sight of $50. Despite the obvious impact on Monday, there are some signs that the influence of oil on other assets may be fading. If the price keeps going up, the question is not only whether it will carry on, but whether more expensive oil will continue to be good news for shares. The answer depends to a large extent on the explanation for why the link was so tight to begin with. Wind back to […]