Has Oil peaked so far?

[fatho]

Is the Oil price falling now because fears of a recession are mounting? Maybe things will get a lot worse...
The Oil price reacts very sensitively to bad economic data. Are just a few thoughts.
Oil is a kind of leading indicator for the global economy and on the stock exchanges. In other words,
the price of oil often collapses first and then it sweeps the stock market with it.

 

[matsquale]

Well I believe that's the oil will go down much deeper due to recession

 

[fatho]

Well I believe that's the oil will go down much deeper due to recession

Thank you for your feedback signal. I could imagine that the recession and inflation in many countries
around the world will also shake things up on the stock exchanges, futures exchanges and forex in this world.