Pouring oil on troubled economies

By Prieur du Plessis, on February 23rd, 2011 posted in: Economy, Oil

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Colonel Gaddafi is spooking the markets, prompting a flight to safety and a spike in the price of crude oil. Such sharp rises in oil have many a time heralded, if not caused, recessions. James Mackintosh, FT’s investment editor, considers whether a downturn is now around the corner.

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Source: Financial Times, February 22, 2011.

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