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Paul Krugman: The next downturn will be a ‘smorgasbord recession’
Author: JeffersonAllison
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Paul Krugman: The next downturn will be a ‘smorgasbord recession’
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Oil Prices Pare Gains as Cushing Stock Rose to Record High
Risk appetite damped in the US. Lead by financials and energies, Wall Street retreated after a 3-day rally with DJIA and S&P 500 indices losing -0.475 and -1.13% respectively. Crude oil, initially extending gains to 2-week highs, pared gains as US oil inventory increased further. The front-month WTI contract climbed to as high as 31.09 earlier in the day before settling at 30.77, up +0.36%.
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Oil Prices Pare Gains as Cushing Stock Rose to Record High