Oil Prices Are Plunging Even Lower – Business Insider

If prices stay depressed, that’s likely too boost consumption: Money people don’t spend on petrol and energy bills will be spent elsewhere. According to Oxford Economics, if oil prices stayed near $60 per barrel until 2016, it would hike US and Chinese GDP growth by 0.4 percentage points, with a 0.2 percentage point rise for Japan and the eurozone.

via Oil Prices Are Plunging Even Lower – Business Insider.

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