06.06.2012 - Oil price near $100 still athreat to global economy

Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA’s executive director said. Brent crude this week dropped to a 16-month low below $96 a barrel before recovering to around $99, well off a peak of more than $128 in March but not low enough to stimulate, rather than hinder growth, Maria van der Hoeven said...............................................Full Article: Source

Print