Keep in mind the global economy did just fine with 100+ average oil for a few years from 2010-2013 period.
now the oil intensity of the economy is lower and we have much more money supply both of which mean that the economy can tolerate even higher prices before it starts to hurt. Probably $140 and above is equal to those years of 100 a decade ago..
Brent Oil price prediction 2022-2024, page-3
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Last
$27.70 |
Change
0.550(2.03%) |
Mkt cap ! $52.59B | |||
| Open | High | Low | Value | Volume |
| $27.30 | $27.70 | $27.21 | $407.3M | 14.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96716 | $27.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.70 | 43611 | 3 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$27.53 |
Change
0.550 ( 1.48 %) |
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| Open | High | Low | Volume | ||
| $27.29 | $27.55 | $27.22 | 3348152 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| WDS (ASX) Chart |