What would an oil price shock mean for EM? – beyondbrics - Blogs - FT.com:
"Although the violence in Iraq has so far had a muted impact on global oil markets, if prices continue to rise there could be some nasty consequences in store for the more fragile of emerging market economies (see chart below).
And while a spike would hurt countries that rely on energy imports, it won’t necessarily translate into quick and easy economic gains for EM hydrocarbon exporters, say analysts.
The price of a barrel of Brent crude has risen from $109 to $114 since large swaths of Iraq began falling to extremist militias of the Islamic State of Iraq and the Levant (Isis) two weeks ago."
'via Blog this'
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