All About Oil
Commentary
It is not an exaggeration to say that oil still rules the world. Surging crude oil prices represent the biggest challenge for financial markets, the world economy and central banks in the months ahead. So long as oil prices keep rising, the risks of recession will grow.
Perspective - Second Quarter, 2008.
► Asia’s emerging market economies are slowing
► U.S. economy remains weak with few signs of recovery
► Weak global growth will restrain inflation pressures
► Commodities and oil are poised for a correction
► Stock market will anticipate recovery
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