HomeMarketsU.S. Economy & JobsFactors That Could Affect The Oil & Energy Market This Summer

Factors That Could Affect The Oil & Energy Market This Summer

Oil prices are lower than supply/demand the inventories indicate, notes Ellen Wald. She and Dryden Pence discuss energy trends to watch. They talk about the role of China in market for oil and liquid natural gas. Ellen mentions that China's economic situation is a major factor in the oil market. Additionally, she suggests that there is a potential for hurricanes to disrupt the oil industry in the U.S. this summer. They then go over other factors that could affect the oil market this summer. Dryden mentions that energy is the cheapest sector in the S&P 500 and has by far the best earnings yield of any sector in the index. Finally, they examine the role of alternative energy. Tune in to find out more about the stock market today.

The Watch List

21 Jun 2023

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