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UBS On-Air: Paul Donovan Daily Audio 'The impact of USD 100 oil'
Published 3 weeks ago
Description
South Korea announced a price cap for some petroleum products, as crude oil prices rose above USD 100 a barrel. An oil price shock does not have to be a price and growth shock— the pain may be taken in fiscal policy. The G7 is apparently considering an emergency use of strategic oil reserves, but that is a temporary fix.