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Crude Oil's Surprise Downside Move, Fundamentals Point to "Ample" Supply
Manage episode 490406457 series 3645668
Scott Bauer says "there's plenty of oil to go around" and is shocked by the downward move in crude oil prices during Monday's trading session. He believes investors should be very careful on the short position with crude oil because "things are not over" but he's unsure if a $100-$120 crude oil is possible. Turning to metal commodities, Scott reacts to gold as the historical "safe haven" asset didn't move more than expected. Lastly, he weighs in on the volatility in bitcoin as it fluctuates amid the same geopolitical tensions impacting oil and gold.
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5479 episodes
Manage episode 490406457 series 3645668
Scott Bauer says "there's plenty of oil to go around" and is shocked by the downward move in crude oil prices during Monday's trading session. He believes investors should be very careful on the short position with crude oil because "things are not over" but he's unsure if a $100-$120 crude oil is possible. Turning to metal commodities, Scott reacts to gold as the historical "safe haven" asset didn't move more than expected. Lastly, he weighs in on the volatility in bitcoin as it fluctuates amid the same geopolitical tensions impacting oil and gold.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
5479 episodes
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