Oz Blog News Commentary

Oil going to $120?

September 20, 2023 - 12:00 -- Admin

JPM with the note.  Oil prices are back up 27% since 2Q23, posing downside to growth • Some of the move owes to stronger demand (1/4), but a larger supply shock (3/4) will be a drag • Our model suggests global GDP could be damped by 0.5%-pt (ar) over two quarters if prices sustained •

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