11 days ago | By Business Insider
Put options on oil futures have soared this month, with traders anticipating a recession will lead to a price crash. Lucas Jackson/Reuters
Recession risks have caused oil prices to slide in June, with Brent crude falling 7.8%.
A rising number of commodities traders are betting that prices could even fall another 25% by December.
The price of a barrel of crude crashed from $139 to $39 during the 2008 Great Recession.
The oil price is heading for its first monthly loss since last November, as fears of recession and demand destruction have hit sentiment, and the options market shows a growing...
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11 days ago | By Business Insider
Getty Images / Bryan R. Smith The stock market is primed for strong returns in the second half of 2022 as the US economy narrowly avoids a recession, according to JPMorgan. The bank expects the annualized inflation rate to get cut in half over the next few months. Falling inflation will "allow central banks to pivot and avoid producing an economic downturn," JPMorgan said. Investors should brace for strong returns in the stock market during the second half of 2022 as the US economy avoids a recession, JPMorgan said in a note on Thursday. The bank's confidence stems from its view that the...
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11 days ago | By Business Insider
Fed Chair Jerome Powell is likely to start reducing the Fed's balance sheet this year, analysts say. Kevin Dietsch/Getty Images US stocks edged higher on Thursday as investors await day 2 of Fed Chairman Jerome Powell's testimony to Congress. Powell told the Senate on Wednesday that managing a soft economic landing will be "very challenging." Powell reiterated his plan to continue raising interest rates in a bid to tame inflation back to the 2% level. US stocks edged higher on Thursday as investors await a second day of Fed Chairman Jerome Powell's testimony to Congress on the state of the...
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11 days ago | By Business Insider
Oil prices took a sharp fall to trade below $104 per barrel on Thursday. Scott Heins/Getty Images
US stock futures rose Thursday after Fed Chair Jerome Powell said a US recession is a possibility.
Meanwhile, oil prices retreated on worries that an economic downturn will drag on fuel demand.
In Asia, stocks traded positive after President Xi said China will use "forceful" measures to hit economic targets.
US stock futures rose Thursday, but global stocks slipped, as investors grappled once again with fears about a recession after Federal Reserve Chair Jerome Powell said it could be on the...
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