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What Oil at $50 a Barrel Means for the World Economy

  • Oil importers like South Africa, India among biggest winners
  • Saudi Arabia and Russia revenues will hurt from price slump
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When Will Oil Hit Its 2018 Peak Again?

Just a couple of months ago, major oil trading houses were predicting the return of $100 crude. Now, with oil prices at half that level, here’s a look at what the slump means for the world economy.

Energy importers like India and South Africa will benefit; oil producers such as Russia and Saudi Arabia will hurt. Central banks under pressure to raise interest rates will get a reprieve; those looking to revive prices, such as the Bank of Japan, face another headwind.