RPT-Wall St Week Ahead - Stocks may rally if oil eases
RPT-Wall St Week Ahead - Stocks may rally if oil easesRPT-Wall St Week Ahead - Stocks may rally if oil eases
Friday August 20, 6:30 pm ET
By Anna Driver
NEW YORK, Aug 20 (Reuters) - Investors will watch for oil news from Russia and Iraq next week, but skepticism that crude prices can stay sky-high is growing and a break in the energy market would fuel a rally in U.S. stock markets.
But volume should stay light, with investors reluctant to put money in the market ahead of the Republican National Convention, which begins in New York on Aug. 30. U.S. Attorney General John Ashcroft has said the meeting to launch President Bush's re-election bid and other summer events would be "attractive" targets for al Qaeda.
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