How "Green Energy Transition" Impacts Commodities

Global oil inventories relative to demand are low, notes David Hay. He discusses supply and demand in relation to oil and energy commodities. He talks about how if Russia decides to do a major supply reduction, the world will have a serious oil crisis on its hands again. He mentions that copper and uranium are examples of commodity demand spikes due to the green energy transition. The Russian Deputy Prime Minister Novak says that OPEC+ is unlikely to take any new steps in the June meeting. David examines global oil inventories. he then examines price activity in gold futures (/GC). Tune in to find out more about the stock market today.