Fund Managers See Oil Hurting Growth at $69/bbl

There would be serious consequences for the world economy if the oil price averaged $69 a barrel in 2006, according to fund managers questioned by Merrill Lynch in December.

The survey, which questioned 295 funds managers, provided each with a range of between $40 a barrel and $100 a barrel or higher – rising in $5 increments – and asked managers to identify the price that they thought oil would start to have a serious impact on global economic activity and corporate earnings.
MarketWatch