Oil prices fall sharply on recession fears
Macro & Oil Podcast #3 In this EnergyScan podcast, Olivier Gasnier, Macro & Oil analyst, talks about the sudden drop in oil prices of this…
Brent prompt prices are above $70/b ahead of the OPEC+ meeting (see the Daily Oil), which pushes inflation expectations and bond yields higher. Gold prices are on the rise too. The equity market resists well, as in parallel, activity is strongly recovering in the US, Europe and China. The euro posted gains vs the USD yesterday after higher inflation figures in the main countries of the euro area for which data will be released today. The EUR/USD exchange rate is back above 1.22.
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