Tuesday 9 July 2013

High oil prices look like a black swan for financial markets « ArabianMoney

"When oil prices surged to $147 in this month five years ago that was the starting signal for the global financial crisis. Oil was $33 by December, plunging the Middle East into a deep recession. Could it be the same story this year?

On yesterday’s ‘Chart Attack,’ Bank of America Merrill Lynch’s CIO Mary Ann Bartels and Bloomberg’s Adam Johnson look at the price of oil on Bloomberg Television’s ‘Street Smart’…
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