Fidelity: 'Oil Prices Are Falling, But That Doesn't Mean The Sky Should Be!'

In a recent report, Fidelity Investments analysts took an in-depth look at fears surrounding the recent collapse in crude oil prices. According to the report, investors have no reason to panic over the price of oil.

For much of the other 92 percent of the market, low energy costs are a blessing.
According to the report, energy capex makes up only one percent of nominal GDP and eight percent of nonresidential fixed investment. While energy’s role in the U.S. economy is certainly important, worried investors shouldn’t over-inflate the sector’s importance.