6 min listen
Crude Oil Price To Move Higher?
FromSchwab Network
ratings:
Length:
9 minutes
Released:
Nov 15, 2022
Format:
Podcast episode
Description
According to the IEA, oil inventories are at the lowest level since 2004. OPEC warns of uncertainties in oil supply and global growth. "The crude oil price has been in a good trading range and I like it to the upside. With colder weather, you will see movement in heating oil and natural gas. OPEC is just trying to balance out supply and demand. Crude oil is not really inversely correlated to the U.S. Dollar, but other commodities like precious metals were impacted," says Phil Streible.
Released:
Nov 15, 2022
Format:
Podcast episode
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