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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.

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

Published July 24, 2026 · Category: Finance

Overview

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

Source

Originally published at www.marketwatch.com.

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