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Messages on the following theme Oil

Oil - where do we go from here?

Thursday 29 May 2008 | 0 Comments | Category: Market analysis
Since August of last year, the oil price has nearly doubled. Whereas the first part of the rise in energy prices (2002-2006) occurred during a period of - and was partly a symptom of - strength in the world economy, the recent increase comes at a time of slowing growth in many countries. It could lead to an environment of global stagflation and therefore poses a serious risk for equity markets.
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Guy Wagner is chief economist at Banque de Luxembourg

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