With economies in turmoil, oil prices must come down - The National

This does not seem like a global economy that justifies oil prices above US$100 a barrel.

Last week, stock markets around the world were routed and American investors lost $700 billion (Dh2.57 trillion) in a single day.

The US left it to the last moment to avoid default, causing its total public debt to jump above 100 per cent of GDP and the loss of its 'triple-A' credit rating.

* username: rupertbu