Experts Warn of $185 Crude Oil

0
242

Last month crude oil breached the $100 per barrel mark. West Texas Intermediate has continued to run higher, approaching $120 on Thursday before pulling back into the prior day’s range. Some experts are warning crude oil could hit 185.00 per barrel. Pushing the U.S into a hard landing recession, Something the fed has tried to prevent from happening by slowly easing the markets into higher interest rates. With a war in Ukraine and the sanction imposed on Russia by the E.U & the U.S, some fear the West could be doing unintended economic damage on their own economies.

Previous articleGermany Doesn’t want to weaponize oil and Gas, yet.
Next articleUK won’t get Russian gas