BlackRock CEO Fink Says $150 Oil Prices Could Spark Recession

TLDR BlackRock CEO Larry Fink warned that oil prices near $150 could trigger a global recession. He said prolonged supply disruptions could keep oil prices above $100 for years. Fink stated that high energy costs would raise production and transport expenses worldwide. He explained that lower-income households would face greater pressure from rising fuel bills. [...]

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