2min chapter

Goldman Sachs Exchanges cover image

Why the ‘great de-stocking’ in oil and commodities could pave the way for future gains

Goldman Sachs Exchanges

CHAPTER

The Risks of a Recession

Even if you did get a recession, a lot of it's priced in. We have a one and a half million barrel per day deficit in the second half of this year. Even a modest slowdown is not a massive contraction like OA. It's rare that even oil demand would stop that much during interest rate induced recession.

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