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 past week, triggered by an expected slow down in Chinese growth due to the surge of covid cases, as well as the sudden and unexpected decision of OPEC to increase production quotas. On the oil front, Fed takes on more hawkish statements.

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