According to The Kobeissi Letter, oil prices have extended their decline toward $58 per barrel as markets increasingly factor in the heightened probability of a global recession. This downward movement signals amplified volatility in commodities markets and may impact energy sector stocks and related asset classes. Traders are closely monitoring macroeconomic indicators and risk-off sentiment, as continued drops in crude oil prices could trigger further sell-offs and portfolio adjustments (source: The Kobeissi Letter, April 30, 2025).

According to The Kobeissi Letter, despite inflation forecasts rising above 5% due to tariffs, interest rates are declining significantly, indicating the bond market's anticipation of a recession with over a 50% probability. Additionally, oil prices have plummeted by as much as 8% in response to this news.