<|begin_of_text|><|begin_of_text|><|begin_of_text|>High oil prices have replaced Greece as the chief threat to the world's fragile economic recovery, an HSBC report finds.
Fears of a Greek default and ensuing financial implosion in Europe have threatened global recovery, but spikes in already high oil<wm> prices have temporarily boosted global growth.
HSBC's report highlights the US-China trade deal will boost global supply, leading to reduced prices but also heighten concerns over Chinese debt and inflation.
Oil supply cuts can't compensate for its impact, analysts claim.
Oil prices soared as oil majors prepare for a global supply disruption as tensions between Russia, a key US oil-producing partner in Nigeria's Niger Delta region, ease. Oil supply disruptions will remain highest due to pipeline sabotage that has halted oil transportation services to the</wm> region.
Oil prices rose from $70 per barrel on Thursday to $84.69 on Friday,