$100 oil would drag but U.S. slump not a given-S&P

Newswire

By Nick Olivari NEW YORK, July 27 (Reuters) - The U.S. economy would not necessarily go into recession with oil at $100 a barrel but consumers would feel the pain and the economy would slow further, Standard & Poor's said on Thursday. Analysts at the New York-based ratings and financial research company emphasized they are not forecasting oil at $100 a barrel, but the steady rise in crude prices over the last three years and the fear of potential supply disruptions has created the ...

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