How is the oil price fluctuation going to affect the world economy? Is it good or bad when the oil price goes down to the producer and consumer?

The first winner is the world economy itself. A10% change in the oil price is associated with around a0.2% change in global GDP, says Tom Helbling of the IMF. A price fall normally boosts GDP by shifting resources from producers to consumers, who are more likely to spend their gains than wealthy sheikhdoms. If increased supply is the driving force, the effect is likely to be bigger—as in America, where shale gas drove prices down relative to Europe and, says the IMF, boosted manufactured exports by6% compared with the rest of the world. But if it reflects weak demand, consumers may save the windfall.

In my opinion in the short run the low prices will be good for the buyers and of course bad for the producers.

In the long run the low prices will haram the world economy, the main buyers and of course the producers.

For Consumer it is good.

For producer it is bad.