Oil red alert: 10 of 12 postwar recessions were preceded by crude price spike

Oil red alert: 10 of 12 postwar recessions were preceded by crude price spike

The sharp and sustained rise in the price of oil during the war with Iran is a major warning for the United States economy. Oil price shocks are one of the most reliable signs of recession. Combined with other threats to commerce in the U.S., the run-up in oil prices should be an alarm bell […]

Original Source

Read the full article at Washingtonexaminer →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.