Oil Futures U.S. Light Crude ($64.52)
As I see it, we are passing an important secondary price peak for oil at this time. The prospect of lower oil prices plays into the scenario that the U.S. is going into a recessionary period.
Labels: oil crude
COMMENTARY FROM THE RIGHT ON ISSUES OF THE DAY... WORLD EVENTS, NATURAL DISASTERS, MARKET FORECASTS, POLITICS AND MORE.
As I see it, we are passing an important secondary price peak for oil at this time. The prospect of lower oil prices plays into the scenario that the U.S. is going into a recessionary period.
Labels: oil crude
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