Submitted by [deleted] t3_1241ii3 in wallstreetbets
VisualMod t1_jdxbjx4 wrote
>The Chinese economy is definitely a big question mark, but I think the Western economies are in for a bit of trouble regardless. If interest rates rise too much, it could cause problems for borrowers and send shockwaves through the financial system. Alternatively, if there's more turmoil in the banking sector, that could also lead to a decrease in demand for oil. So either way, I think oil prices are likely to come down over the next year or so.
Viewing a single comment thread. View all comments