“A Recession Is Necessary” To Lower Demand As ‘Real Economy’ Routed By Soaring Fuel Prices

Assessment: Sorry, But for You, Oil Trades at $250 a Barrel The culprit is the refinery margin and the consequences are huge for global inflation… If you are the owner of an oil refinery, then crude is trading happily just a little above $110 a barrel – expensive, but not extortionate. If you aren’t an oil baron, I have bad news: it’s as if oil is trading somewhere between $150 and $275 a barrel. The oil market is projecting