For subscribers
News analysis
Oil price war can lead to global recession
It may also fuel Fed rate cuts that leave US dollar vulnerable to more downside in blow to Asia
Sign up now: Get ST's newsletters delivered to your inbox
Follow topic:
There are no winners in a price war that puts the stability of the global financial system at risk.
The oil price shock - a massive 30 per cent plunge in world oil prices within minutes of market opening - is unlikely to spur bug-infected demand for goods and services.
