Why oil had been nearing peak even before Trump statement on Iran, according to top economists

Prominent economists Paul Krugman and David Brooks say oil prices are likely near their peak because further increases would trigger demand destruction, capping upside for crude. That view implies limited upside or downside risk for the energy sector and could ease some near-term inflation pressure from higher oil costs.

Analysis

Prominent economists Paul Krugman and David Brooks say oil prices are likely near their peak because further increases would trigger demand destruction, capping upside for crude. That view implies limited upside or downside risk for the energy sector and could ease some near-term inflation pressure from higher oil costs.