Oil price drop may prove a boon to global growth

But prices may return towards $100 range, says fund manager

newspumpjackoil

David Saunders, co-founding managing director, K2 Advisors
From a markets perspective, the reduction in the oil price certainly benefits all things transportation and heating-related. In the US there has been a lot of discussion around the percentage that fuel comprises of individuals’ annual expenses, since energy costs are 10–20% of living costs, depending on where you live.

A reduction in the oil price, at the pump or for home heating oil, leaves real excess cash in the pockets of consumers. R

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