Global stock markets have been in a tailspin this week. And the sinking price of oil received at least some of the blame.
Just this week, the cost of a barrel of crude reached a 12-year-low of US $27 (RM118.33), down from more than US $100 a little more than year ago. And that may not be the end of it, according to some in the industry.
Plummeting oil prices have raised fears of a worldwide recession, even though countries are still reporting growth in jobs and income. Read more