The relatively high price for crude oil is having only a relatively minor impact on demand, though global economic growth could slow, a Platts analyst said. The Organization for Economic Cooperation and Development said global economic expansion should be around 4 percent for the year, on par with the long-term average. Speaking in late May , OECD Secretary General Angel Gurria said growth is supported by economic policies that could be masking some risks from geopolitical issues and rising oil prices. At around $76 per barrel for Brent crude oil, the global benchmark, the price is more than 60 percent higher than it was at this time last year. Chris Midgley, the head of Platts Analytics, said there […]