Over the decades, oil recession traders have likely perceived oil as both hero and villain, telling epic tales of supply and demand swings. More than once, the slippery black gold has been the cause of economic crashes. And with both conflict and whispers of recession in the air as we stand on the precipice of 2024, one can only wonder whether or not we can expect oil to behave in predictable ways. Let’s turn back the clock and see how oil reacted to previous recessions. Oil’s recessionary dance began in the 1920s, a time of growing economic imbalance. As the world approached the Great Depression (1929-1939), oil was ... (full story)