@tradeiq_app: Energy prices have a way of shaking the entire global economy. History already showed what can happen when oil prices spike too far. In July 2008, crude oil reached $147 per barrel, the highest level ever recorded at the time. As oil surged, the cost of transportation, food, and everyday goods began rising across the world. Food riots broke out in 22 countries and inflation pressures spread through the entire supply chain. Just 60 days later, the stock market plunged 777 points in a single day as the financial crisis accelerated. Energy sits at the center of the global economy, and when oil prices surge too fast, the shockwaves rarely stay contained. #OilPrices #GlobalEconomy #EnergyMarkets #MarketHistory #TradingNews

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Thursday 02 July 2026 05:17:54 GMT