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Did China just save the global oil market?

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Did China just save the global oil market?

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27 segments

0:00

think you've seen sentiment get very

0:01

very negative in the last week because

0:04

oil prices skyrocket and usually when

0:05

you have negative retail sentiment

0:07

that's a good time to buy. Also I think

0:09

we're probably at the higher range for

0:11

oil prices are and if you think about if

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oil prices start to come down it

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disproportionately benefits the foreign

0:16

markets.

0:17

>> One of the things that saved us was the

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fact that China stopped importing oil

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and if they end up needing like to come

0:23

back out into the market. I I don't

0:24

know. I just think that really helped

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us.

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>> It was kind of remarkable. we haven't

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been over $100 a barrel, you know, since

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the conflict started. So, I I think that

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speaks to there is more oil getting to

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the market than that they say that 20%

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that comes through the straight. And I

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do think we're at the higher end, but I

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think I think at some point here you

0:41

land in the 70s even if the conflict

0:42

continues. Um, and I think that's the

0:45

historical

Interactive Summary

The speakers discuss the current volatility in oil prices, noting that recent negative retail sentiment often signals a buying opportunity. They analyze factors influencing global oil supply, such as China's import levels and market flow, concluding that oil prices are likely at the higher end of their range and may eventually settle into the 70s.

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