Desperate act confirms global recession conditions.

Saudis try for #oilpricehike but #oil runs instead into unmovable #recession. The real #economy continues to weaken which means demand is dominating market factors, not supply. Confirming the oil market's view of the situation, key US services data tumbles. 

Eurodollar University's Money & Macro Analysis

CNBC: https://www.cnbc.com/2023/06/05/opec-oil-prices-pop-after-saudi-arabia-pledges-production-cuts.html

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