What would Mean If the Price of A Barrel of Oil Rise up to $ 100

The recent rise in crude oil prices is another obstacle to the global economy, after US President Donald Trump pledged to “cleanse” Iranian oil sales.

An analysis by Oxford University found that the price of Brent crude at $ 100 a barrel by the end of 2019 would mean that the global GDP level would be 0.6 percent, lower than the current forecast by the end of 2020, with an average inflation rate of 0.7 Percentage points.

“We see an increasing risk of significantly higher oil prices,” wrote John Payne and Gabriel Stern.

He pointed out that all that would require the oil market “already narrow” is a batch of supplies that could reach the price of oil to $ 100 a barrel.

Oil prices hit their highest level in six months, last week, especially because of the tightening of US sanctions on Tehran.

Washington has announced the end of exemptions granted to some countries importing Iranian oil, including China and India, from early May.

According to Bloomberg, Brent crude has risen about 33 percent this year and is close to a six-month high, and while rising prices are often due to strong demand and a strong global economy, the shock was the lack of production.

Oil prices deteriorated at the end of 2018, while the Organization of Petroleum Exporting Countries (OPEC) and its partners, including Russia, in early January, agreed to reduce production, to restore balance to markets.

The price of light sweet crude for June delivery fell 38 cents to $ 62.92 in electronic exchanges in Asia.

Brent North Sea oil, the European Union’s June delivery, fell 35 cents to $ 71.80.

Geopolitical conditions have brought oil prices high, and Bloomberg says much will depend on the stability of these high levels of prices.

Exporters will enjoy corporate and government revenue support, while consuming countries will bear the cost of pumping, fueling inflation and hurting demand.

“In the end, there is a point where high prices may be harmful to all,” she added.

The oil price of $ 100 will have mixed effects. This increase will hurt the income and expenditure of countries and may lead to inflation accelerating.

As the world’s largest oil importer, China is at risk, as will many European countries that rely on imported energy.

Seasonal impacts will not be lost. They may also affect oil prices, especially as the summer of the northern hemisphere approaches. The already sluggish global economy will hurt demand and thus control prices.

Trump said Saudi Arabia and other Opec members agreed to increase production of black gold.

If oil production continues to grow, economists say it will need stability above $ 100, but it also depends on the strength or weakness of the dollar, as crude oil is priced on a dollar basis.


Reviewer overview

The recent rise in crude oil prices is another obstacle to the global economy, after US President Donald Trump pledged to "cleanse" Iranian oil sales. - /10


The recent rise in crude oil prices is another obstacle to the global economy, after US President Donald Trump pledged to "cleanse" Iranian oil sales.

0 Bad!


  • cialis online Reply

    02 May 2019 at 01:22

    nitric oxide with cialis http://cialisle.com/ cialis.

    what is the proper dose of cialis.

  • Austol Reply

    11 May 2019 at 06:07

    Tretinoin Online Cheapest Propecia 40 Mg Canadian Pills buy viagra Chinese Herbal Viagra

  • MatMovott Reply

    03 June 2019 at 02:48

    Cialis Without Prescription Overnight online pharmacy Viagra Pfizer 100mg Cialis Levitra Ou Viagra Traitements

  • Ellobessy Reply

    04 June 2019 at 00:28

    Propecia Packungsgro?E Disfunzione Erettile Cialis Cura cialis price Viagra Ohne Rezept Holland Bentyl Cod Only Indiana Adefovir

  • Austol Reply

    05 June 2019 at 12:47

    Cialis 36 Stunden cialis prices Order Viagra Without Prescription Cialis Italia Farmacia I Get Penicillin From Mexico

  • MatMovott Reply

    10 June 2019 at 06:12

    Urivoid Cialis Pericoloso viagra Propecia Aeat

  • Ellobessy Reply

    12 June 2019 at 02:59

    Que Es Cialis cialis overnight shipping from usa Female Viagra Online Australia Gnc Substitute For Viagra

  • MatMovott Reply

    17 June 2019 at 03:31

    Como Conseguir Citotec En Usa Pille Viagra Generika Potenzmittel viagra Amoxicillin And Methadone Cialis Y Levitra Genericos Buying Levitra Online Safe

  • Austol Reply

    18 June 2019 at 22:51

    Avec Clomid Ma Courbe How To Get A Free Trial Of Levitra Regenon viagra Viagra Cialis On Line Sales

  • Ellobessy Reply

    19 June 2019 at 21:29

    Pastillas Cialis Barato Sale Generic Isotretinoin C.O.D. Website Cheapeast Secure Ordering Isotretinoin Where To Order No Prescription viagra Preis Cialis Lilly Kamagra Gel 100 Mg

  • MatMovott Reply

    26 June 2019 at 05:53

    5mg Of Propecia For Hair Loss cheapest cialis Amoxicillin Clavulanate Potassium Suspension 600 5ml Erfahrungsbericht Viagra 50

  • Ellobessy Reply

    30 June 2019 at 02:19

    Zithromax Watery Diarrhea levitra generique 5mg Levitra Otc Usonline Viagra

  • MatMovott Reply

    04 July 2019 at 09:45

    Best Online Viagra Site Kamagra Oral Jelly 200mg Australia Cephalexin And Urinary Tract Infections acheter cialis 20mg en pharmacie Propecia Disefoto Preis Cialis 5mg Zithromax Pregnancy

  • Austol Reply

    09 July 2019 at 13:03

    Genericpillsshop cialis online Keflex Infant Nursing

  • Ellobessy Reply

    12 July 2019 at 01:55

    Cheap Cialis From Canada Isotretinoin tab internet pharmacy with free shipping Comprar Kamagra Internet Buy Sildenafil 50mg Uk Acheter Viagra Sans Risque

  • MatMovott Reply

    12 July 2019 at 03:23

    Where Can I Find Real Viagra priligy livraison rapide Isotretinoin roaccutane how to buy Cialis Caracteristicas

  • MatMovott Reply

    20 July 2019 at 07:39

    Cialis Diario Prospecto Ship Fast Doxycycline Cytotec Avant Pose De Sterilet generic cialis canada Viagra Fast Shipping Usa Dove Comprare Cialis Online Sicuro Acheter Du Clomid En Ligne Effets Secondaires

  • Ellobessy Reply

    21 July 2019 at 01:55

    Acheter Generique Cialis Generic Zithromax cialis prices Amoxicillin And Clavulanate Potassium Tablets Usp Keflex For Wounds In Dogs

  • MatMovott Reply

    28 July 2019 at 16:06

    Cheap Tamoxifen Citrate Propecia Proscar Treat Hair Loss buy generic cialis online Kamagra Jelly Potenz

Leave a Comment