Reported 4 months ago
Founder & President of Rapidan Energy, Bob McNally, discusses the recent oil market reaction to OPEC+'s decision to extend production cuts into 2025. McNally notes varying impacts of the decision on prices, with elements supportive of prices and others catching investors by surprise, leading to a bearish market sentiment. He points out macroeconomic risks and geopolitical tensions influencing oil prices, with the market currently in a 'show-me-the-barrels' mode. McNally advises against certain policy responses to rising oil prices. For more insights, watch the full Catalysts episode.
Source: YAHOO