Crude Oil Price Is To Stay Around $80 In 2023

Do energy prices have an impact on the stock market today? Oil inches higher after a mixed stockpile report. Are commodity prices a concern for the Federal Reserve? Will the crude oil price remain at around $80 through the end of 2023? Ben Cook, Portfolio Manager of the Hennessy Energy Transition Fund, weighs in on tightened inventories and the Biden Administration policies. Will the energy industry be heavily regulated? What are the best positioned sector names? Cook is monitoring Exxon Mobil (XOM) and Cheniere Energy (LNG).