# What does US$100-per-barrel crude oil mean for the world’s economy? It depends how long the price holds and who you are | South China Morning Post

> Brent crude has risen about 40% this year to a six-month high after Trump's pledge to bring Iranian oil sales to zero. The article examines how a sustained spike near $100 a barrel would hurt importers through fuel costs and inflation while benefiting exporters' revenues.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59757-what-does-us-100-per-barrel-crude-oil-mean-for-the-world-s-economy-it-depends
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A prolonged supply-driven crude spike raises fuel and fertilizer costs for feed producers and could dampen demand for livestock feed through weaker consumer spending. Price direction depends on how long the shock lasts.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-04-17 | [How the rupee’s fall can impact the economy and what RBI can do about it \| Mint](https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint.md) | -2.5% | -9.9% |
| BRENT | 2020-11-09 | [Oil prices are surging on hopes that a vaccine will end lockdowns \| Fortune](https://feedsoft.ai/events/11797-oil-prices-are-surging-on-hopes-that-a-vaccine-will-end-lockdowns-fortune.md) | +8.7% | +26.9% |
| BRENT | 2022-02-07 | [Soaring oil prices, weakening won weigh on Korea's economy - The Korea Times](https://feedsoft.ai/events/42957-soaring-oil-prices-weakening-won-weigh-on-korea-s-economy-the-korea-times.md) | +1.0% | +27.3% |
| BRENT | 2020-09-28 | [Oil up 1% on economic hope; virus fears check price gains \| Financial Post](https://feedsoft.ai/events/51280-oil-up-1-on-economic-hope-virus-fears-check-price-gains-financial-post.md) | -6.7% | -0.4% |
| BRENT | 2023-09-01 | [US crude futures climb over $2 per barrel, notch third monthly hike](https://feedsoft.ai/events/34754-us-crude-futures-climb-over-2-per-barrel-notch-third-monthly-hike.md) | +4.0% | +10.3% |
| WTI | 2024-04-17 | [How the rupee’s fall can impact the economy and what RBI can do about it \| Mint](https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint.md) | -2.3% | -7.9% |
| WTI | 2024-04-12 | [Why is European economy diverging from US and what are the limits to this? \| Reuters](https://feedsoft.ai/events/9974-why-is-european-economy-diverging-from-us-and-what-are-the-limits-to-this.md) | -2.7% | -6.1% |
| WTI | 2020-11-09 | [Oil prices are surging on hopes that a vaccine will end lockdowns \| Fortune](https://feedsoft.ai/events/11797-oil-prices-are-surging-on-hopes-that-a-vaccine-will-end-lockdowns-fortune.md) | +8.0% | +23.5% |

## Sources

- scmp.com: https://www.scmp.com/business/commodities/article/3008051/what-does-us100-barrel-crude-oil-mean-worlds-economy-it

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.