Oil prices jump more than $2/bbl after Saudi pledges to cut more output

[Manishican]

More inflation. More interest rates hikes 

[Hitman]

Check now. 

[Manishican]

Reduced to 1$ up

https://www.cnbc.com/2023/06/05/opec-oil-prices-pop-after-saudi-arabia-pledges-production-cuts.html

[Democraticcompulsion]

Asalu oil price enduku taggutundi? There are no recession fears if you look at the market.

Consumer spending is at an all-time high.

[Manishican]

22 minutes ago, Democraticcompulsion said:

Asalu oil price enduku taggutundi? There are no recession fears if you look at the market.

Consumer spending is at an all-time high.

Investors expecting recession as more interest rates hikes 

[Democraticcompulsion]

17 minutes ago, Manishican said:

Investors expecting recession as more interest rates hikes 

But market is saying otherwise. VIX at its lowest in recent years.

[Manishican]

Ma be Recession lo market padalani guarantee ledhu. May be they are assuming oil demand  will fall

[LordOfMud]

Saudi, Is in control of world banking system & Oil supply

 Sorry, India 

[Pahelwan2]

No recession kavalane lenzodkul bayam petti ammistunnaru.