🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

Syria, oil, India, and currency

Julia Coronado Aug 28, 2013
HTML EMBED:
COPY

Syria, oil, India, and currency

Julia Coronado Aug 28, 2013
HTML EMBED:
COPY

With the United States and allies said to be considering a military strike against Syria, oil prices are up sharply again today — with the Texas benchmark up 1.4 percent to $110-150 a barrel. Higher oil prices are hurting emerging markets, where the Indian currency fell to a record low today, deeping the worst economic crisis there in 20 years. In the U.S., where some kind of economic recovery was in progress, what will higher oil prices mean? Julia Coronado, chief economist-North America for BNP Paribas in New York, explains it all.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.