Oil prices (CL=F) are trading near a 10-month high after stronger-than-expected data out of China. The recent rise in oil prices has some concerned that it may cause inflation to increase, and, as a result, force the Federal Reserve to raise rates. Commerce Street Capital CEO and President Dory Wiley says investors “almost have to be bullish” on oil prices for the next few years due to long-term supply issues. “What’s kept oil prices down has been the expectation of a recession that hasn’t shown up,” Wiley says. Wiley explains that he thinks “the market’s kind of had it wrong and that its overestimated a demand problem that really hasn’t manifested itself, so I think you’ll continue to see oil rise above the $100 barrel range.”
#youtube #oil #stockmarket
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
i hate to say i told you so…
so ill give you a break and save my keyboard some stress.
EV’s will sell like crazy again, like during the last gas price hike. 😂
It’s not Congress that is causing this inflationary pressure, it’s the corporations demanding the inflationary pressure to force the workers into a desperate position to take the lower wage offerings. The market is the one now that demands pain, because it can’t keep people without significant raises, and this is a self-inflicted wound.
Had they expanded capacity and production when they were getting free money, they would have eliminated whatever level of inflation was going to happen with the downward slope of the pandemic. Unfortunately, they decided to put those funds towards stock buybacks – something unheard of in the many decades of business operations prior.
The cost of owning ev is no where cheaper than the gas prices. It will be just another reason to get rid Biden, any other democrat.
Stop burning fossil fuels! Save the planet for our children. Buy an electric car or a hybrid. Ride a bike. Take a train or bus. Climate change is real.
Strong GDP growth and excellent Economy. Thank you Biden Administration!
Gas prices in Europe $8-12/gallon.
Making money is an action. Keeping money is behavior, but “growing money is wisdom”. I found this out a week ago after getting a $29,900 return on my $3,500 investment in 11 days.
How?
Perfectly said!!! I engaged in various prolific investment by compound interest and lerveraging and as well operating with an investment professional Mr Brandon Watts,so far I’ve attended $30,000
I was skeptical initially but I got convinced by my uncle who linked me up with him here in Detroit Michigan I invested $500 and earned $8,500
Same here my first experience with him gave me the assurance that has made me to invest without the fear of loosing
I invested with him too during the global pandemic,he charge 10% on profit made on every withdrawal. As a first time investor I started trading with Brandon Watts with just a thousand of bulk’s my portfolio is much more than that now,within 9days of trading with him
I can’t thank you enough for such a well-researched video. Perfect video on the subject.
I can see that your content quality is improving. Keep it going.