Oil Spikes & “Recession’s Handmaiden”
Squawk Pod
00:00
Oil Prices - The History of Oil Prices
President biden announced that the us. Would ban russian oil imports, a move that will cut about eight % of american imports. Historically, a spike in oil prices leads the us. Economy into recession. And it happened in the lead up to the two thousand eight financial crisis,. when the per barrel price of oil hit what is still a record high.
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