Here’s what $100-a-barrel oil would do to the global economy

Myra P. Saefong
Here’s what $100-a-barrel oil would do to the global economy

Oil prices may rally further, with global benchmark prices reaching $100 a barrel, prompting a global surge in inflation and a slowdown in economic growth, as efforts by Saudi Arabia to make up for oil lost from Iran reduces the world’s spare output capacity, according to Oxford Economics.