Oil the fuel for index growth

The growing price of oil itself is fuel for the stock markets. At the end of January it cost USD 30, but at the beginning of March the price had gone up to USD 40 per barrel. More expensive oil brings with it greater demand for raw materials and, consequently, an economic revival; it also alleviates the worries over the oil sector that always cause jitters on the stock exchanges. This in turn enhances the appetite for investing in riskier but also more profitable assets, such as shares. The higher price of oil has, for now, pushed concerns about the condition of the Chinese economy into the background (adding to that effect was the positive news about the job market, the industrial sector and the real estate sector in the US, the latter being of key importance in the evaluation of the American economy); but some analysts point out that the growth in prices on developed markets might just be a spring adjustment to a longer downward trend – parti