What oil at $100 a barrel will mean for the global economyBrent crude has risen about 33 per cent this year and is close to the highest in six months. While higher prices due to strong demand typically reflects a robust world economy, a shock from constrained supply is a negative. Rising oil prices will hurt household income and spending and it could accelerate inflation. SEE ALSO :Kenya Open top dogs have their say“We see increased risks of significantly higher oil prices,” Oxford economists John Payne and Gabriel Sterne wrote in a note. Uncertainties around availability have already whipsawed oil markets.

Source: Standard Digital April 29, 2019 22:41 UTC