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Business Daily: Global Impact of ever Cheaper Oil

15/12/2014

Global Impact of ever Cheaper Oil

BBC World Service - Business Daily, Global Impact of ever Cheaper Oil

Dropping oil prices put pressure on markets across the world

Oil prices are dropping which is bad news for producers of course, but why should the rest of us care? The markets are telling us they don't like it. We find out why.

It is the biggest story in the world economy right now - the dramatic fall in the price of oil. It's clearly bad news for oil producers but surely it is good news for the rest of us? So why are the financial markets spooked?  We hear from two leading market analysts Anna Stupnytska, an international economist at Fidelity Worldwide Investment and Marie Diron, a senior vice president of the credit ratings agency Moody's Credit Policy Group. We venture to one of the remotest places on earth, in Indonesia, in search of nickel. And, Lucy Kellaway on why the only thing we have to fear is fearlessness.

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