Estimate Time1 min

Chart of the week: Lower oil prices helping stocks

Rising oil prices in late 2023 and early 2024 represented a growing risk to stocks. Those prices were driven higher, in part, on fears of an expanding war in the Middle East. However, since the near-term peak in early April, oil prices have come down dramatically as the war premium has abated. Also, major oil-producing nations recently decided to unwind production cuts later this year. As a result, lower prices have helped stocks climb to new record highs.

Source: FactSet, as of June 5, 2024.

Choose the criteria. See stocks that match.

Our Stock Screener matches your ideas with potential investments.

More to explore

Get started trading

Get industry-leading research, guidance, tools, and pricing. Open an account.

Past performance is no guarantee of future results.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917