13 min listen
Crude Oil Price Needs To Be $65 Before It Gets To $105
FromSchwab Network
ratings:
Length:
8 minutes
Released:
Nov 2, 2022
Format:
Podcast episode
Description
"It is unlikely that the crude oil price is not being watched by the Federal Reserve as it has an effect on goods inflation. Now we have a transport issue with diesel inventories at all time lows. My base case for crude oil is that we need to get to $65 before we get to $105. I am long crude oil now with a price target of $96. Energy demand is still weak and Russia is already 2M below their OPEC+ quota," says Bob Iaccino.
Released:
Nov 2, 2022
Format:
Podcast episode
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