Skip to content

Recovery over a barrel

Courier Mail, 20 November 2009

OIL is emerging as a potential threat to the global recovery. Crude prices are currently hovering around $US80 a barrel, more than double the low of about $US30 that was plumbed in the darkest days of the financial crisis, and last week the International Energy Agency bluntly warned that "the recent price spike, if extended, risks derailing the recovery".