US EditionHere's What Smart People Are Saying About Oil Prices Soaring Past $100
6 Articles
6 Articles
Here's what smart people are saying about oil prices breaking $100
Oil's spike is worrying analysts eyeing bigger market problems.Horacio Villalobos/Corbis/Getty ImagesOil has passed $100 a barrel as Strait of Hormuz disruptions rattled markets and stoked inflation fears.Gulf producers have cut output amid shipping constraints, raising recession concerns.Analysts warn the rally could echo a 1970s-style oil shock.Oil futures have passed $100 as investors react to the risk of a prolonged disruption to crude shipm…
Dagens Nyheter.
Svenska DagbladetThe war in Iran is causing the price of oil to skyrocket.
The high oil price also affects the German economy, says IW economist Galina Kolev-Schaefer. But overhappy reactions could avenge itselfCapital: Mrs. Kolev-Schaefer, the oil price has today for the first time cracked the mark of 100 dollars per barrel of the North Sea variety Brent. Donald Trump had previously said that the high oil price was a small price for the war. Is he right? GALINA KOLEV-SHAEFER: In fact, 100 dollars for the barrel are no…
Price of Pink Lady apples due to soar
The price of Pink Lady apples is expected to soar following the outbreak of war in Iran, an expert has warned, writes John Drennan. The apple, imported from New Zealand, is one of Ireland’s favourites. Oliver Browne, accountancy lecturer at UCC and also a commodities expert, told Cormac Ó hEadhra’s show on RTÉ that such items will rocket in cost. He also warned that the inflationary impact of the war would happen “virtually immediately”. He said…
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