Oil erases 2024 gains amid lack of demand
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- Crude oil (CL=F, BZ=F) prices tumble lower and erased any gains the oil market saw in 2024. Julie Hyman and Josh Lipton welcome The Energy Word Founder Dan Dicker to Market Domination to talk more about the "commodity glut" that has dragged oil prices with that
"We're not seeing anywhere near the kind of demand growth here in the United States that would offset the kind of supply increases that we've been seeing, both domestically in the United States and globally with OPEC+," Decker explains. "This is not unusual for any of the commodities. I mean, you can see copper, lithium, iron... everything in the commodity space is going down while the stock market (^DJI, ^IXIC, ^GSPC) has been going up. And it's really one of those moments that's very rare."
#youtube #stockmarket #news
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Its called a recession.
@@solskengroupllp2758 we’re way past recession.
I'll go fill up my car. You're welcome
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@@tedrohe9048 yeah she will make oil go up
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@@TrEYEClopasaurus regulates franking and brings in climate change policy. Oil prices will likely go up under Harris
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This is starting to look like the beginning of another GFC
They better cut production, biggly.
Lack of demand in California is because we are paying $5.00 /gal.
Gas is still high AF here in Oregon
Let’s talk about how much solar and wind we are generating in Texas!
Oil executives have been calling for decreases production for 2 years
No they haven't In fact some US oil executives are currently under investigation for price fixing to raise prices with OPEC
So Trump shouting Drill Baby Drill wont do a thing.
Wouldn’t you need to talk about the US not being able to use domestic oil because of regulations? Most is exported and oil of other qualities are imported.
Nothing to do with "regulations".
With recent crude prices swinging between highs of $90 and lows around $70, it's clear we're in a volatile phase. Investing in gold and crude this year could be smart due to ongoing geopolitical tensions and inflation. Diversifying with these assets can help hedge against economic uncertainties
You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks
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unless production cuts come in oil is going down
Not only now if possible have to deal one years next as it is prices keeps to minimise it is not possible next next problem tobe faced
We need a recession song
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This must have Putin & Russia worried
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