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Oil shock raises recession fears, but prices remain lower than predicted

Economists cited oil price levels that could jeopardize the global economy, but current pricing has not reached those recession-trigger thresholds, MarketWatch reports.

Reported · Written up by our desk · Energy

The world is facing what MarketWatch describes as its largest oil shock ever, but oil prices have not moved to the levels economists previously pointed to as a potential trigger for global recession risk.

MarketWatch reports that despite the severity of the shock, the oil price level needed to put the global economy in jeopardy has not been reached yet, helping explain why recession concerns tied directly to crude are not playing out through higher prices so far.

Latest closeWTI crude $92.23 ▲6.2%

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