Of course it could at some point start hurting consumption but knowing at which (oil price) level that would be is the one million dollar question.
Until now the oil rise does not seem to have had a major impact on markets. High oil has so far not seemed to erode global economic growth with trends elsewhere so powerful that the rise has been rather well absorbed.
We've had quite a shining start of the year so the fundamental driver of markets will probably surprise on the positive side this year again.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.