(EnergyAsia, November 6, Tuesday) — South Korea’s Central Bank has identified rising oil prices rather than geopolitical tensions in Northeast Asia or the US subprime crisis as the biggest threat to the economy next year.The central bank had forecast US crude oil price to average $64 a barrel this year. Instead, oil has stayed above…
S. KOREA: Central Bank says high oil prices are the biggest threat to economy next year
Posted on November 6, 2007 by EnergyAsia