What will happen if oil prices remain in the range

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Reference no: EM13153486

According to Global Insight, a Massachusetts economics consultancy, what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months?

A. The Fed will almost certainly cut interest rates the next time it meets.

B. Gasoline prices could reach $4.75 per gallon.

C. U.S. GDP growth will drop 0.3% to 0.5% in the fourth quarter of 2005.

D. U.S. GDP growth will drop by 7% in the fourth quarter of 2005.

Reference no: EM13153486

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