Oil volatility to cost trillions
Updated on 19 December 2008
Gordon Brown calls for a "visionary internationalism" to deal with plummeting oil prices.
While you might expect cheaper oil prices to be good news, the massive volatility that's gripped the market could cost the world economy trillions of dollars.
That was the stark warning from Gordon Brown this morning at a global summit to discuss how prices can be stabilised.
From a record $150 a barrel, prices have plummeted to less than $40 a barrel in the last few months.
