Oil at $150 will spark global recession: BlackRock CEO Larry Fink

BlackRock CEO Larry Fink, during an interview with the BBC, said that if oil prices hit $150 a barrel, a global recession will be triggered. Fink outlined that if the conflict is resolved, oil prices may fall below pre-conflict levels. If the conflict prolongs, it could lead to “years of above $100, closer to $150 oil”, he further said.