[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 210 KB, 1200x675, monkas.png [View same] [iqdb] [saucenao] [google]

56289082

Anonymous Thu Oct 5 11:17:46 2023 No.56289082 [Reply] [Original]

Why is oil price plummeting? Are they planning to drop a recession on us now?

>>	Anonymous Thu Oct 5 11:25:59 2023 No.56289120 >>56289082 Demand destruction.

>>	Anonymous Thu Oct 5 11:27:51 2023 No.56289130 >>56289082 >recession it's gonna go negative and show up at your door now

>>	Anonymous Thu Oct 5 11:31:24 2023 No.56289152 >>56289082 Oil is so voluminous and easy to extract that it's hard to keep the price high even with hyperinflation.

>>	Anonymous Thu Oct 5 12:17:29 2023 No.56289421 >>56289082 >oil price zoom out

>>	Anonymous Thu Oct 5 12:44:02 2023 No.56289574 >>56289082 You're already in a recession. Less demand for goods and services. Less demand for oil. It's not that complicated.

>>	Anonymous Thu Oct 5 13:04:57 2023 No.56289698 File: 32 KB, 540x720, 1682525236816947.jpg [View same] [iqdb] [saucenao] [google] >>56289082 >recession I'm afraid it's going to be a bit more than a "recession". Quite a bit more.