Economics
OPEC Provides Economic Stimulus Central Bankers Can't or Won't
- Weakest oil price in more than 6 years to spur spending in '16
- Every $10 drop in oil lifts global growth by 0.1pp: SocGen
Oil, Metals Touch 2009 Market Lows: What’s Changed?
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The world’s central bankers just got a helping hand from the world’s oil ministers.
As the European Central Bank delivers less monetary stimulus than investors sought and with the Federal Reserve set to tighten next week, the world economy may find support instead from the weakest oil price in more than six years.