Oil Falls As Global Turmoil Drives Weaker Growth Concerns

Crude oil (/CL) continues to slide as global market turmoil is driving weaker growth concerns, says Ed Moya. He and Roberta Caselli break down recent weakness in crude oil. Ed also notes that the oil market is going to be stuck in a surplus for most of the first half of the year, and energy stocks may remain under pressure a little while longer. Roberta says that global catalysts such as increasing economic activity in China provides support to energy demand, and she believes that investors may find value in midstream companies. They talk about how crude oil falls to December 2021 lows. Finally, they go over the energy investment outlook for 2023. Tune in to find out more about the stock market today.