Stay updated with breaking news from Peter Hooper. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
OIL’S surge toward US$100 (RM420) a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting growth prospects and driving up inflation.
Oil is about 50% higher than a year ago, part of a broader rally in commodity prices that’s swept up natural gas too.
(Bloomberg) — Oil’s surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting…
The U.S. Federal Reserve and fellow central banks are worried as they seek to contain the strongest price pressures in decades without derailing recoveries from the pandemic.
Oil's surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting growth prospects and driving up inflation.