Post by
balducci on Jun 23, 2022 4:47pm
"Recession risks have caused oil prices to slide in June"
"A rising number of commodities traders are betting that prices could even fall another 25% by December. The price of a barrel of crude crashed from $139 to $39 during the 2008 Great Recession."
The article mentions that traders are initiatng massive put positions in oil companies.
https://markets.businessinsider.com/news/commodities/oil-price-outlook-crash-investing-recession-put-options-futures-inflation-2022-6
Comment by
dandu1924 on Jun 23, 2022 4:54pm
But on the TV show news, the oconomist said this time if we have the recession, the recession wont last long probably just a fews months. So who knows now.
Comment by
Maxmoe on Jun 23, 2022 5:12pm
Good to hear. Same traders were amassing huge call positions expecting oil to hit $200 this year. A month or two ago.