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London (AFP) May 19, 2011 - The oil market sank on Thursday as the International Energy Agency warned that high prices could threaten global economic growth and called for increased output to tackle the problem. Oil also fell after news that Japan's economy plunged back into recession in January-March, contracting sharply after the nation's biggest recorded earthquake, a tsunami and a nuclear crisis. Brent North Se ... more
1 comment:
If the IEA wants to help, they should concentrate their efforts in upholding the values of the world's fiat currencies where inflation is beginning to grip. Otherwise, crude oil prices are going up.
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