Oil acting as dampener

By Mohamed Ali Bernat Standard Life believes the soft landing in the US will not be hampered by oil prices and is likely to be assisted by the presidential election, especially if the Republicans win. Ken Foreman, investment director at Standard Life, said US oil stocks fell to 24-year lows after Opec's decision to boost production caused prices to retreat in July. This was followed by higher-than-expected demand that pushed oil prices back up. Oil prices are the area of least certainty, according to Foreman, who feels they are too high but does not necessarily expect them to drop in t...