Name: Oil Stocks Not Correlated To Crude Oil
Uploaded: 2022-11-18T22:12:23.309
Duration: 5 min 56 s

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The crude oil price is getting hit recently. "Oil stocks are not as correlated to crude oil as many investors think. Factors with oil stocks include costs, CEO scandals, and non-GAAP accounting. The crude oil price today is about the gas inventory build and the uptick in refining. Crude will reflect some weakness in terms of travel and industrial manufacturing. We are about to go through a recession," says Bob Iaccino.

Oil Stocks Not Correlated To Crude Oil

Expert commentary about top moving stocks, sectors, and commodities, along with CEO and analyst interviews.