U.S. Economy Teetering On The Brink Of A Recession ...Middle East

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U.S. Economy Teetering On The Brink Of A Recession
source : OILPRICE ( Middle East ) () 47
After testing multiyear lows over the past few weeks driven by fears of a recession and risk aversion prompted by turmoil in U.S. banking, oil prices are climbing again in Monday's session as oversold markets bounce back.  Recessions are known to kill demand for oil and gas faster than anything else, bar major black swan events like the recent global pandemic and subsequent lockdowns. Major recessions not only cause widespread job losses, leading to fewer people commuting to work but also generally lower consumer spending. This leads to a…

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