Oil Slips Hard as Recession Risk Rises

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 6 July 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commodity prices are collapsing, the U.S. dollar is soaring, and the yield curve has inverted again: This is not an auspicious combination. Nor is the fact that a Bloomberg Economics model is now indicating a 38% chance of a recession in the next year. Real Vision’s Andreas Steno Larsen welcomes Tony Greer of TG Macro to talk about recent price action in the commodities market and the longer-term supply-demand story for oil and gas – highlighted by a look-in at Tony’s recent conversation with the infamous Doomberg about the complexities of hydrocarbons and their everyday use. Andreas and Tony also discuss the current condition of the global economy. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3OGZ1ls. Watch the full interview with Doomberg and Tony Greer here: https://rvtv.io/3yh8toE. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:06.0	Use the promo code Podcast10 to get 10% off our essential membership for your first year.
1:12.0	Enjoy the show.
1:15.0	Hi, everyone, and welcome back to the Real Vision daily briefing after a long weekend.
1:20.0	I'm a diastenial, the senior markets editor at Real Vision, and we alive on air the 5th of July.
1:34.0	And I mean, markets have been crazy today with a load of action in commodity space.
1:39.0	So I'm super pleased to be joined by an old friend of the show.
1:43.0	And one of the best I know within the commodity space because we have Tony Greer,
1:48.0	the editor of the morning navigator with us today.
1:51.0	Good to see you again, Tony. How are you today?
1:53.0	You too, Andreas. How are you doing, man?
1:55.0	Good. I mean, what a day Tony in commodity space.
	...

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