Oil at $140? It’s Allianz Trade’s worst-case scenario
At that level, the world would be staring at recession.
War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.
Speaking to Kriti Gupta on Bloomberg Television, the Paris-based analyst placed a 20% probability of such
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