I can't see the oil price crumbling with China posturing in the Taiwan strait!
The whole North Korean segway in the Ukraine war as well overall plenty of geopolitical instability to feed into the oil price. I think the main concern is recession every rate rise the central banks are trying to take demand out of the economy to balance supply constraints.
However job numbers double expected in US means got a ways to run. I can't see a soft landing from all these 0.5%+ rate rises has the whiff of panic about it.
May Chart, page-1932
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