According to Zerohedge Oil prices are tanking due to the idea that the Fed may produce a recession, with its rate rises and doesn’t care if it does……
That is just so much BS, as we all know the Fed will panic if a recession really starts and Biden and Co will go ape, in front of the Mid Terms….but it is the dream scenario as far as the BS story goes…so miraculously Oil craters etc…just like they needed.
This is the mkt being forced to react how the scum want it…right in front of the weekend.