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    Crude Oil Lower On China Demand Worries

    Crude Oil Lower On China Demand Worries

    FromSchwab Network

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    Crude Oil Lower On China Demand Worries

    FromSchwab Network

    ratings:
    Length:
    7 minutes
    Released:
    Nov 8, 2022
    Format:
    Podcast episode

    Description

    The crude oil price is lower on worries over demand in China. "Slump in the U.S. Dollar Index helped energy prices, but gains were limited on the China situation. China October exports unexpectedly fell -0.3% year-over-year. China import numbers were also not good. Also, U.S. Dollar weakness has appeared bullish for metals. Positions in gold ETFs dropped to 2.5 year lows on Thursday. Copper falls as China unexpectedly shrinks Covid curbs. Copper prices are expected to somewhat benefit from a tightening supply," says Larry Shover.
    Released:
    Nov 8, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.