Sunday, January 26, 2025

Economic Fallout from $100 Oil is Muted This Time Around: Bloomberg

From Bloomberg/Houston Chronicle The global economic impact of oil hitting $100 a barrel won’t be as big as when that happened in 2011 thanks to changes in the U.S. An analysis by Bloomberg Economics estimated that oil touching the triple-digit mark would shave 0.4 percent off U.S. gross domestic product in 2020, compared with a baseline price of $75 a