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Global economy: Slipping on oil?

Posted by HVB Group in June 20th 2008  
● Risk . An oil price of USD 200 per barrel is within reach – over the medium term! But even in the short term, i.e. two to three quarters down the road, it is entirely possible to envision constellations that will drive the oil price in this direction – albeit only as a risk scenario. In our baseline view, we expect the pace of increase in oil prices to moderate substantially (pages 4-6). ● Recession . A surge in the price of oil to USD 200 would, however, have serious repercussions for the Read More...

Filed under: Fundamental