US risks recession if oil stays at $100 a barrel for the next 30 days, strategist warns

Oil staying at or above $100 per barrel could trigger demand destruction, according to Destination Wealth Management's Michael Yoshikami. He said that if higher oil prices start to weaken demand, the Federal Reserve may look past inflation and consider rate cuts. The note is market-relevant for rates and energy, but it is commentary rather than a policy decision or hard data release.

Analysis

Oil staying at or above $100 per barrel could trigger demand destruction, according to Destination Wealth Management's Michael Yoshikami. He said that if higher oil prices start to weaken demand, the Federal Reserve may look past inflation and consider rate cuts. The note is market-relevant for rates and energy, but it is commentary rather than a policy decision or hard data release.