Citi says oil could fall to $65 in a recession. Here's what that would mean for our stocks

The price of oil has pulled back considerably in recent weeks after such a strong start to the year, driven largely by concerns of a looming recession. Economic slowdowns, after all, have historically led to lower oil demand.

OPEC+ has agreed to increase oil output by 648,000 barrels per day in July and August – a larger-than-expected amount as the Ukraine war wreaks havoc on global energy markets.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

CNBC /  🏆 12. in DE

Anything is possible

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian Stock Market: Mix on cautious market mood, DXY flat ahead of Fed minutes, oil slipsMarkets in the Asian domain are displaying mixed responses to falling S&P 500 futures in the Asian session. Friday’s gains in Wall Street were expecte
Weiterlesen »

US stocks, crude oil prices fall as markets extend slumpStocks fell broadly in afternoon trading on Wall Street Tuesday, extending a slump for the major indexes as investors continue to worry about the state of the economy.
Weiterlesen »