FRANKFURT, Germany | Oil plunge could help consumers; Trump tweets ‘Enjoy!’

21Nov - by Editor - 0 - In STL.News



FRANKFURT, Germany — Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production.

While the fall in oil prices doesn’t yet match the 2014-2016 slump to $26 per barrel, the current decline should soon make itself felt through the global economy.

The international crude benchmark, Brent, has fallen under $65 per barrel from a four-year high in early October over $86, and U.S.

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