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World Economy Over a Barrel Amid Energy Price Surge

President Trump Deliver Remarks At Double Eagle Energy Rig
Photographer: Cooper Neill/Bloomberg

Hello. Today we look at the economic risks posed by soaring oil prices, why union membership in the U.S. fell again and how omicron may not be as big a drag on growth as previous waves of coronavirus.

As if the global economy needed another complication, a surge in the price of crude oil to the highest level since 2014 has emerged as a fresh potential headwind to the recovery.