By Olaf Storbeck
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
There's a real question right now about whether the sharp decline in oil prices will continue to have a 'rising tide' effect on the rest of the economy, thanks to the help it gives to consumer spending, or whether that marginal benefit is offset by a drop in oil production and mining jobs.
The shale oil boom in the U.S. may top media headlines over the holiday shopping blitz this day after Thanksgiving in the U.S.
Oil markets made history this week as Brent crude prices dipped below $78 to a four-year low. This comes ahead of a meeting by members of the Organization of the Petroleum Exporting Countries on Nov. 27th. Up for debate is whether or not Saudi Arabia, OPEC’s largest producer, will decide to cut production.
By Robert Cyran and Kevin Allison
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
A dip in 30-year mortgage rates to their lowest level in more than a year and stronger U.S. housing data on Friday appeared to be the green shoots of the next phase of U.S. economic recovery, that being the housing market.
As world leaders gather this week for the annual International Monetary Fund and World Bank autumn meetings, Ebola will be top on the list of priorities. Apart from the human toll, the economic impact will be felt for at least a couple of years, said David Evans, senior economist of the World Bank’s Africa Division.