Ed Morse, Citi’s global head of commodities, joins ‘Squawk on the Street’ to discuss the outlook for oil prices in the second half of the year, oil demand growth related to China’s reopening, and the U.S. ramping up its oil supplies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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12 Comments
Thank you for this helpful and informative content! 😊
Nice video and I thank you for breaking it down!! Even with the current crypto dip, I'm still glad 😊 I can smile back at my portfolio of $53,700 made from my weekly trade within a short period of time
There won’t be a large summer demand for traveling most discretionary income has been whipped out by inflation from food. Oil will stay around this level all year
/CL Crude Oil — /NG natgas — irontrader.wallstreet
just sell oil stocks until it will hit you without notice. No mention of SPR. No mention of local currency trading of oil in the world. fool everyone.
Think it's obvious that Electric car are making difference on the margins. But also that China with it's electric cars and economic slow down really reducing demand.
Oil supplys out in 50-100 years and than: let everybody starve to dead, because harvesting mashines run with oil and teslas cannot harvest wheat and corrn. And food supplys cannot be delivered. Messed all up, more than 6 billion people will starrve to dead in ten years. Great Job, oil industry. What will you do, when there is no oil left and everybody starves to dead and gets grilled, because with Teslas you cant fight wildfires. Why can´t mankind not look in their near future and make a masterplane, what to do, when oil is out? Your grandchildren will say thank you for the heat and the special hunger games.
Does this mean lower prices at the Gas Pump?
Your videos are always so well-researched, I can tell you put a lot of effort into them.
Thanks buddy for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week…
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This guy has been right for a long time whole Goldman's Jeff Currie has been dead wrong with is perma-bullish calls.