Oil: Where to from here?

Oil prices won't damage the global economy at their current levels, but an Iran-related price spike could.

PORTFOLIO POINT: Current oil prices are unlikely to derail the global recovery, but a rise to $US150 a barrel would pose a significant risk.

World oil prices are rising again. Since its low last October, US West Texas Intermediate is up 40% and Asian Tapis oil prices (which drive Australian petrol prices) are up 18%.


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