A recession indicator you're probably ignoring

A recession indicator you're probably ignoring

While most investors are watching inflation reports and interest rate guidance from the Fed, one overlooked recession warning sign is flashing: crude oil. Why oil prices are falling  Earlier this week, oil markets were rocked when OPEC+ announced it would accelerate its planned production increases. The group, led by Saudi Arabia, agreed to boost output by 411,000 barrels per day in June, just a month after a similar increase for May.  That surg…

Oil Markets Juggle Supply, Conflict, and Recession Fears

The global oil market is facing one of its most complex periods in recent memory. OPEC+ is adding more barrels back to the market, U.S. shale operators are laying down rigs to conserve cash and protect well economics, and escalating military tensions between India and Pakistan are injecting new geopolitical risk into an already fragile energy landscape. It all adds up to a market walking a tightrope between oversupply and weakening demand. As tr…