opinionRising oil prices are a double-edged sword for the world economy. The world economy is enjoying its broadest upswing since 2011 and higher oil prices would drag on household incomes and consumer spending, but the impact will vary. 3. Who wins from higher oil prices? Bloomberg Economics has ranked major emerging markets based on vulnerability to shifts in oil prices, U.S. rates and protectionism. A run-up in oil prices poses a lot less of a risk to the U.S. economy than it used to, thanks to the boom in shale oil production.

Source: Sunday Times May 10, 2018 02:03 UTC