Oil could plummet to the $60s if a recession hits, Citi speculates

Na 565 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -1,4% over 5 sessies (41% hoger; middelste helft -5,9% tot +3,0%), en -0,5% over 20.

• 24 dec 2018Plunging oil prices show the market is worried about 2019 recession-0,5%
• 6 jul 2022Oil’s Current Plunge: Goodbye Inflation Trade, Hello Recession-3,8%
• 1 jul 2022Oil prices fall due to recession worries-0,9%
• 4 apr 2025Oil falls to near 4-year low amid recession fears, OPEC+ production hikes-10,2%
• 5 dec 2022Recession fears spur wheat cuts – The Seam-11,1%

Na 312 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -1,7% over 5 sessies (38% hoger; middelste helft -5,4% tot +2,3%), en -1,7% over 20.

• 24 dec 2018Plunging oil prices show the market is worried about 2019 recession-1,3%
• 6 jul 2022Oil’s Current Plunge: Goodbye Inflation Trade, Hello Recession-3,2%
• 1 jul 2022Oil prices fall due to recession worries-7,1%
• 4 apr 2025Oil falls to near 4-year low amid recession fears, OPEC+ production hikes-9,8%
• 4 aug 2022Oil prices hit lowest since Ukraine invasion amid recession fears | Reuters+1,9%