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The world is facing its largest oil shock ever. Here is why prices are not higher.

Economy MarketWatch By Myra P. Saefong 24 Jul 2026 19:31 1 min read
The world is facing its largest oil shock ever. Here is why prices are not higher.

Oil prices aren’t yet near the level economists had said would put the global economy in jeopardy of a recession.

Oil prices aren’t yet near the level economists had said would put the global economy in jeopardy of a recession.

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