Every time oil spiked in the last 30 years, recession came.

Discussion in 'Commodity Futures' started by enrick71, Feb 28, 2003.

  1. enrick71


  2. omcate


  3. perhaps you don't know the definition of "recession" then...
  4. Stupid oil price ! Why didn´t you spike in year 2000 ? :p
  5. i think it did:

    "Again, recession. And then there was that jump in 2000, when oil went from $25.50 a barrel at the beginning of the year to a high of $36 in November. In March 2001, a recession began."
  6. Huh, there was no war with Irak in Nov 2000. Why did oil price move up to 36$ ? :confused:
  7. nitro


    I agree.