Did China just save the global oil market?
27 segments
think you've seen sentiment get very
very negative in the last week because
oil prices skyrocket and usually when
you have negative retail sentiment
that's a good time to buy. Also I think
we're probably at the higher range for
oil prices are and if you think about if
oil prices start to come down it
disproportionately benefits the foreign
markets.
>> One of the things that saved us was the
fact that China stopped importing oil
and if they end up needing like to come
back out into the market. I I don't
know. I just think that really helped
us.
>> It was kind of remarkable. we haven't
been over $100 a barrel, you know, since
the conflict started. So, I I think that
speaks to there is more oil getting to
the market than that they say that 20%
that comes through the straight. And I
do think we're at the higher end, but I
think I think at some point here you
land in the 70s even if the conflict
continues. Um, and I think that's the
historical
Ask follow-up questions or revisit key timestamps.
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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