Crude Showing Signs of Aiding Economy

Crude Showing Signs of Aiding Economy Updated: 12/17/2014

Crude oil continued its slide this week, pausing around $55/barrel. The decline in crude has led to many positive gains for the economy. Chiefly, the decrease in gasoline prices has been a boon to consumers. The consumer price index (CPI) fell 0.3% this month, the most since December 2008. Many traders expect guidance from the Federal Reserve, which is set to release minutes from its meeting today.

Internationally, crude’s price drop has initiated first steps toward capital controls in Russia as the Ruble fell over 20% this week. The Central Bank of Russia raised rates in a surprise announcement Tuesday. Gold prices retreated slightly, settling around $1195/oz in morning trading, nearly flat for the year.

“Lower energy prices and overall lower inflationary pressure continue to have positive effects for the US economy, and this looks to continue into 2015,” said Dave Gedeon, Vice President, Nasdaq Global Indexes.


  • NASDAQ BIOTECHNOLOGY INDEX (NBI) is down 2.26% since Friday’s close. Year-to-date performance for the index is up 30.7%.
  • NASDAQ GLOBAL OIL & GAS INDEX (NQG0001) is up 4.14% since Friday’s close. Year-to-date performance for the index is down 19.4%.
  • NASDAQ INTERNATIONAL DIVIDEND ACHIEVERS (DAT) is up 0.63% since Friday’s close. Year-to-date performance for the index is down 6.5%.


  • The Nasdaq US Large Cap Index (NQUSL) is a float adjusted market capitalization-weighted index designed to track the performance of securities in Nasdaq US Benchmark Index that comprise the Large-cap segment of companies. Currently, the index contains 427 components. Additional disposable income created by the slide in crude may increase activity in this index. It has increased 6.41% year-to-date.

NASDAQ® and NASDAQ® are registered trademarks of The NASDAQ Group, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies or NASDAQ proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

© 2015. The NASDAQ Group, Inc. All Rights Reserved.

Account Sign In