Skip to content
Subscriber Only

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
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

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.