HomeMarketsFuturesIf Crude Oil Price Hits $111, Can Easily Go To $123
If Crude Oil Price Hits $111, Can Easily Go To $123

Crude oil (/CL) is up over 2% this morning. If we get over $111 in crude, I think we could easily get to $123 quickly, says Bill Baruch of Blueline Futures. He expects the demand for crude this summer to be very strong. Bill and Ben discuss the lockdowns in China and that China is a buyer of commodities. Bill says China's 5-year plan is to hoard energy, agriculture, and metals. Bill thinks the Fed has done a really good job and give his thoughts on rate hikes. Lastly, he discusses gold and silver futures and says copper (/HG) will have its day. Tune in for the full discussion.

Futures

06 May 2022

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