Saudis Fail Miserably As Recession Fears Dominate

Photo by American Public Power Association on Unsplash

Saudis try for oil price hike but oil runs instead into unmovable recession. The real economy continues to weaken which means demand is dominating market factors, not supply. Confirming the oil market's view of the situation, key US services data tumbles.

Video Length: 00:17:43

More By This Author:

European Banks: The Contagion
Incomes Are Falling Precipitously And That Means A Lot More Trouble Ahead
Mega Hedging The Debt Ceiling

Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.