#crudeoil #oilstocks #yahoofinance
Crude oil (CL=F) dipped below $70 per barrel on Wednesday, weighed down by demand concerns. Tortoise Senior Portfolio Manager Rob Thummel believes negative demand sentiment is fueling oil prices to the downside. He expects prices to stay lower as shifts in the energy market finish playing out. Thummel outlines how evidence of declining global inventories due to OPEC+ production cuts and demand recovery will be needed to shift sentiment — all factors requiring time. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Election season, they’ll probably lower rates too for that. All games.
Rates will be lowered because inflation is going down. The Fed is not subject to any political party or political pressure
Time to replenish the SPR.
No one know where price will be, lot of things play a factor in the market. Like if guyana and venezuela go to war that like 2 million barrel off the market. Plus opec plus cut, my prediction is it will stay between 70 to 80 for 2024