Market Extra: Could rising oil prices tip the U.S. into a recession? Here’s why investors are nowhere near having to worry about it.
Oil prices set another 2023 high this week as concerns about a tightening oil market pushed the Brent benchmark crude close to $100 a barrel, complicating the Federal Reserve’s effort to bring down inflation ahead of the September policy meeting and raising fears that a U.S. recession might be still on the horizon.
