Global synchronized growth already came to an end earlier this year, although the U.S. is still going strong. However, it remains to be seen how long that can last, with the juice from the tax cuts set to wear off, tariffs raising consumer prices, a rise in retail gasoline prices and interest rates grinding higher. But, the real danger to global oil demand is higher oil prices themselves, which to be sure, isn’t exactly a revelatory conclusion. However, while Brent crude surged to $85 per barrel, up from the mid-$60s at the start of the year, the price increase is astronomically higher in emerging markets, where currency weakness has wreaked havoc . For instance, in Brazil, the real has lost around 20 percent of its value this year, a plunge that occurred at the same time that oil prices were rising. The one-two punch has translated into soaring prices […]