With Crude Oil prices currently just below $60 per barrel, investors are well advised to keep an eye on its price.
This is the lowest price for Crude Oil since the summer of 2009.
Crude Oil is a critical component to our economy and of the economy of the world. It impacts energy costs such as gasoline and diesel fuel and it is the basic ingredient for the production of plastics, fertilizers, synthetic fibers, dyes, paint, detergent, photographic film, medicine, make-up and candles.
And, the impact lower Crude prices is also reflected in most stock indices as the large oil companies are major components of the Dow and the S&P 500.
To add to the importance of Crude Oil and why it is one of the major components of The Investment Compass™, there are the implications for the Russian ruble.
As can be seen on the point-and-figure chart seen below, Crude Oil has been in a free-fall since the beginning of November.