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வெள்ளி, ஜனவரி 30, 2015

Survey: If oil drops below $30 a barrel, brace for a global recession

"The price of oil is about $17 a barrel away from signaling that a global recession is inevitable, according to a new survey of investment professionals.
The survey from ConvergEx Group polled 306 investment professionals asking, among other things, what oil price would show that a global recession was inevitable, meaning, how low would demand have to drop to show that the global economy was backsliding.
The most common answer was $30 a barrel, from 26% of respondents, with $35 a barrel being the second most common answer (16% of respondents). More than half those surveyed represented buy-side firms such as asset managers and hedge funds, and about a quarter of them were from sell-side firms such as banks or broker dealers, according to ConvergEx."

http://www.msn.com/en-us/money/economy/if-oil-drops-below-dollar30-a-barrel-brace-for-a-global-recession/ar-AA8tW0j?ocid=mailsignout

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