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    Oil Demand Decrease, Gold Pullback: The Commodities Craze

    Oil Demand Decrease, Gold Pullback: The Commodities Craze

    FromSchwab Network

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    Oil Demand Decrease, Gold Pullback: The Commodities Craze

    FromSchwab Network

    ratings:
    Length:
    9 minutes
    Released:
    Apr 19, 2023
    Format:
    Podcast episode

    Description

    Oil demand is decreasing despite China's better-than-anticipated 1Q economic growth, notes Jake Hanley. He talks about how futures are under pressure as investors digest the latest earnings. He discusses the takeaways from latest inflation data. He highlights that the IEA predicts that China will account for most of 2023 oil demand increases, with Saudi Arabia and UAE reportedly purchasing Russian oil products. He then breaks down the latest activity in commodities. He also previews the next FOMC meeting which will take place May 2-3. He suggests that there could be a near-term pullback after a strong run for gold (/GC). Tune in to find out more about futures and the stock market today.
    Released:
    Apr 19, 2023
    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.