Name: Crude Oil Hit $84 For First Time In 2023
Uploaded: 2023-08-09T16:23:29.471
Duration: 8 min 58 s

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Are rising crude oil prices capable of quickly destroying inflation? This energy commodity has been up seven consecutive weeks in a row. Bob Iaccino from Path Trading Partners says that investors are still not seeing a recovery in China due to wasted crude oil supplies. India has been a strong buyer of the WTI product and United States volumes are down. Does that mean that we are not replacing the wellheads as previously? Furthermore, Iaccino states that money on exploration is up.