Crude Oil Is Waiting For China & Natural Gas Is Plummeting
Schwab Network
English - February 21, 2023 22:38 - 7 minutes - 76.9 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"The oil commodity is front and center along with the oil stocks. Last week as the oil price dipped around 4%, stocks like Occidental Petroleum (OXY) and Devon Energy (DVN) took a nose dive. The oil price is still around $77 and has not rallied as much as investors thought with the China reopening. Natural gas continues to plummet with the warmer weather. At some point, the natural gas price has got to level out," says Scott Bauer.