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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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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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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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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Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...
Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...
Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...
Folk, we are in prime road trip season, and that leads us to today's question of the day. We want to know what's the best thing that ever happened to you on a road trip. Read more ...
G7 leaders after a March meeting in Brussels. Henry/Nicholls/Pool/AFP G7 leaders including the US, UK and Germany met Sunday to discuss a price cap on Russian oil. The talks... Read more ...
Legendary investor Howard Marks told the Financial Times that investors should start loading up on cheap stocks rather than trying to time the bottom. Heidi Gutman/CNBC/NBCU... Read more ...
Happy Monday! How was your weekend? Did you get up to doing anything nice? I marched in the NYC Pride parade with my band on Sunday, which was a pretty fun gig! And, speaking... Read more ...
While some people may espouse that size doesn't matter, the interior space afforded by today's Nice Price or No Dice Town Car proves that bigger can sometimes be better. Let's... Read more ...
Volkswagen has rapidly electrified a significant portion of its model range over the past five years. VW introduced a variety of electric vehicles, from a hatchback and a... Read more ...
A Dutch soldier with the NATO Response Force's Very High Readiness Joint Task Force unit in Muenster, Germany, in 2015. REUTERS/Wolfgang Rattay NATO's chief announced plans to... Read more ...
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Ratha Yatra is the biggest and most anticipated festival in the land of Lord Jagannatha and one of the most revered Hindu festivals in India. This year the festival commences... Read more ...
Michael Burry. Kevin Mazur/WireImage The market might bottom out when people renounce tech stocks, crypto, and NFTs, Michael Burry said. "The Big Short" investor predicts... Read more ...