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Oil-Price Shock Couldn’t Come at Worse Time for World Growth

Economic impact depends on how long the price surge endures
Latest development could prod central banks toward more cuts

Bloomberg business news — This Is a Clear Supply-Side Shock to Oil, Says Nomura’s Subbaraman

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September 16, 2019, 5:48 AM UTCUpdated onSeptember 16, 2019, 12:22 PM UTC

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The record oil-price surge after a drone strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn.