Francisco Blanch, Bank of America head of global commodities, joins ‘Closing Bell’ to discuss the oil trade and headwinds to the sector. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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13 Comments
Why this so called expert only emphasize the positive factors (strong oil and gas)?! How about possible coming recession predicted by many experts?!
China? China that as he said fell into deflation, whose exports are down 20% year over year, another developer 4x the size of Evergrande is about to go under, and whose youth unemployment is over 20%? THEY are gonna drive oil demand? 🤣
Real time inflation is going higher. The game the FED is playing is to begin using lagged data on shelter CPI (will become negative eventually, but it's from last year) to camouflage the 2nd wave of inflation in goods. Some big players are not dumb and will get protection on commodities again. In a year or two you'll have the 2nd wave of inflation in services and shelter.
Stop trying to make China happen. It's never going to happen.
Dr phill!
Want to help the murderers ? Buy Russian oil and buy FAKE IN CHINA.
That would be a disaster for China.
Francisco is always smiling and always props up the commodity he is covering, whether it be oil or gold. I never heard him say the price is going to go down.
oil price will be over 120 they forget mention mid east cut them.
Hurricane season = oil 🚀
Wtf😊??????
👍👍👍👍. I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide….
These are fantastic takes, I was really hoping for my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made a fortune from the recent 2008 recession and I wondered if such success rate could be achieved in this present market. Any recommendations?