What does your head tell you? Mine tells me that while falling oil prices due to falling world demand has been taken as a sign of a world slump and has been bad for stock prices. I would guess that a drop in oil prices because of an increase in supply from Iran might well be seen as positive by the markets participants and be good for stock market prices.
Yes, I to am wondering how the Iranian oil outlook now will affect our stock market. Especially with the nuke ‘deal’ now completed and Iran set to get that 150 billion within a few days. They are flush with money and they’re going to have all their refineries updated with all the latest technology. More glut on the oil market coming.
World oil demand continues to climb, not fall.
It is growing slower, but still growing.
Prices have fallen as supply grew faster than demand.
https://www.iea.org/oilmarketreport/omrpublic/currentreport/#Demand
Even with oil prices coming down, are we seeing it in other industries? Has meat prices come down?
I see what you’re saying and I agree. Since when has (relatively) cheap energy been a bad thing? Sure, it is rough on the profits of the energy sector. But it drives virtually every other sector of the economy.