Oil at $120 risks economic double dip: IEA
Investing News Network - June 15th, 2011
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.