Of MENA political unrest | listen now want Q & amp; A | man @ bow Mana ...
Sharp rise in crude oil prices result in a global economic slowdown
With respect to domino effect of political unrest in MENA, it is of the concern First of all, is the trend of crude oil prices have continued rising this place.
Anti-government movement that originated in the Tunisia and Egypt, to expand in oil-producing countries Libya of world position in crude oil reserves, by further the Middle East's largest oil-producing countries flying sparks to risk, such as in Saudi Arabia has surfaced, the market for crude oil supply anxiety was growing at a stretch. Crude oil prices in New York WTI (West Texas Intermediate) futures, which is an index of the world, I wore this year (0 years) month at a time, barrel = 0 dollars and highs of about a year and a half the first time.
In general, high oil prices, hit our household in the form of higher energy prices, such as gasoline and electric gas, it will be a factor to stagnant consumer spending. In addition to the raw material cost increases for companies, their own cost up content is also absorbed inevitably the case, it will lead to the deterioration of profitability.