Name: Crude Oil Prices: $50 Before $100
Uploaded: 2024-10-02T13:37:55.388-05:00
Duration: 8 min 12 s
Description: “The rotation away from the tech sector,” is the biggest U.S. market story, says Jake Hanley. He also talks crude oil prices and notes that oil didn’t rise on the news of China stimulus, suggesting demand issues. Despite geopolitical tensions pushing the price of crude higher in the near-term, he thinks the price could fall to $50/barrel before it hits $100.

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“The rotation away from the tech sector,” is the biggest U.S. market story, says Jake Hanley. He also talks crude oil prices and notes that oil didn’t rise on the news of China stimulus, suggesting demand issues. Despite geopolitical tensions pushing the price of crude higher in the near-term, he thinks the price could fall to $50/barrel before it hits $100.

Crude Oil Prices: $50 Before $100

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