Are Oil Prices Causing a Recession?

TheStreet published this video item, entitled “Are Oil Prices Causing a Recession?” – below is their description.

Deutsche Bank expects a major recession in late 2023 and Tesla CEO Elon Musk has said that the U.S. is in a recession that could last 18 months.

Taking a step back, what kind of role do the rising oil costs play in causing a recession?

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In This Story: Deutsche Bank

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank’s network spans 58 countries with a large presence in Europe, the Americas and Asia.

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Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

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