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Moody’s says a recession will be hard to avoid if oil prices stay elevated for even a few more weeks - Tayedi Search engine

Moody’s says a recession will be hard to avoid if oil prices stay elevated for even a few more weeks

1 hour ago 1

The outlook for the U.S. economy will continue to darken as long as the Strait of Hormuz remains effectively closed to oil-tanker traffic, even though the U.S. now produces about as much oil and natural gas as it consumes.

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Moody’s says a recession will be hard to avoid if oil prices stay elevated for even a few more weeks

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