How does oil react in a recessionary environment?
Posted: under Investing.
Tags: Current Market, Environment, Magnificent World, Market Perception, Market Situation, Price Of Oil, Recession
Brian S asked:
Given the current market situation and the movement of the price of oil, the answer is clear that given a recessionary environment, the price of oil will fall. Why is this? Is it because of the market perception that a recession will cause less spending and therefore less demand for oil? If you have any sources, please cite them. Thank you!
Comments (1)
Dec 21 2008