What oil at $100 a barrel would mean for the global economy

BUSINESS

Rising oil prices are prompting forecasts of a return to  $100 a barrel  for the first time since 2014, creating both winners and losers in the world economy.

Exporters of the fuel would enjoy bumper returns, giving a fillip to companies and government coffers. By contrast, consuming nations would bear the cost at the pump, potentially fanning inflation and hurting demand.

 

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Credit: timesofindia.indiatimes.com