Spiking oil prices have led to recessions in the past and that's why the stock market is on edge

Oil could be a problem for the stock market if prices keep rising after the latest escalation in U.S.-Iran relations.Crude jumped after the U.S. confirmed the killing of a top Iranian military official.

"One of the things that can derail a bull market is a spike in oil prices that can cause a recession," said Paul Hickey, co-founder of Bespoke Investment Group. "When you have higher oil prices, that's going to impact a key cost for a lot of different businesses." However, supply is tighter as of late and oil prices seem to be breaking out in the last three months.

" by the U.S. Iranian Defense Minister Amir Hatami reportedly said "a crushing revenge will be taken" for Soleimani's death.To be sure, the U.S. stock market took the news with relative ease. After a big drop at Friday's open, the major averages were all down less than 1%.

Oil demand is in slow but terminal decline and supply is steadily on the increase due to ongoing fracking in US and huge LNG rseserves jn Australia that exceed Qatar. No justifiable reason for oil to be above $60 a barrel imo.

impeach trump.

Literally not the reason why lol

This is total BS and negligently reckless of CNBC to make such a statement.

ehh? led to or just so happened to correlate with.

BUT IT WILL NOT HAPPEN THIS TIME IF WE KEEP ON INCREASING OUR OIL PRODUCTION HIGH & SaudiArabia DOES THE SAME.

What spiking oil prices when sanctions have been in place? Iran's crude oil exports were slashed by more than 80% due to re-imposed sanctions by the United States after President Donald Trump exited last year Iran's 2015 nuclear deal with world powers.

Oil prices are not really spiking

Just sack the cause.

Trumps not that stupid. Unless he thinks he won’t even make it to the November election.

😉😉😉😉different this time 😉😉😉😉

Garbage graph. By the graph, there is no correlation or whatsoever. Let me spend my time reading to see if it changes my mind...

Do u guys really need indicators at this point?

2007 was stupid lit

We’ve given back half of yesterday’s gain. Oh, the humanity.

Little different than 'in the past'

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