Surging Oil Prices Raise Economic and Stock Market Concerns in the US

Impact of Rising Oil Prices on the US Economy and Stock Market

By Lewis Krauskopf

NEW YORK, March 9 (Reuters) – A stunning surge in oil prices above $100 a barrel is rattling U.S. stock investors, as they brace for an even sharper rise in energy prices that could stagger the economy and further damage equities.

The 50% jump in U.S. crude to its highest level in more than three years is among the most significant financial consequences of the U.S.-Israeli war on Iran, as investors continue to calibrate economic and market fallout following the attacks launched just over a week ago.

“It’s a shock,” said Michael Reynolds, vice president of investment strategy at…