BlackRock CEO warns oil rise to $150 could trigger global recession, BBC reports

Larry Fink warned that oil rising to $150 a barrel could trigger a global recession, flagging a severe growth shock if oil prices reach that level. A $150/barrel scenario would materially increase inflation and squeeze consumers and corporates, raising downside risk for growth-sensitive assets and potentially forcing policy responses.

Analysis

Larry Fink warned that oil rising to $150 a barrel could trigger a global recession, flagging a severe growth shock if oil prices reach that level. A $150/barrel scenario would materially increase inflation and squeeze consumers and corporates, raising downside risk for growth-sensitive assets and potentially forcing policy responses.