Oil at $120 risks economic double dip: IEA

Oil and Gas Investing

Reuters reports that according to the International Energy Agency, Oil is tipping the world economy into a double dip recession.

Reuters reports that according to the International Energy Agency, Oil is tipping the world economy into a double dip recession.

The market news is quoted as saying:

Oil prices vaulted to a high above $127 for Brent in April this year following the loss of almost all Libya’s roughly 1.6 million barrels per day (bpd) of production.

Click here to access the entire news

The Conversation (0)
×