Experts Warn of $185 Crude Oil

Last month crude oil breached the $100 per barrel mark. West Texas Intermediate has continued to run higher, approaching $120 on Thursday before pulling back into the prior day’s range. Some experts are warning crude oil could hit 185.00 per barrel. Pushing the U.S into a hard landing recession, Something the fed has tried to prevent from happening by slowly easing the markets into higher interest rates. With a war in Ukraine and the sanction imposed on Russia by the E.U & the U.S, some fear the West could be doing unintended economic damage on their own economies.