President Biden ordering the release of 1 million barrels of oil per day the Strategic Petroleum Reserve (SPR) to cool elevated prices will have a limited effect, according to Goldman Sachs.
Goldman Sachs warns a recession is very likely if oil prices surge to $200 a barrel.
As more details emerge from the disorderly market failure that shuttered trading in nickel for over a week — only to reopen in chaos — industry insiders are crying foul.