Oversupply Of Crude Oil?

The historical correlation between the dollar and commodities, specifically, oil is typically an inverse, and we're not seeing that the oil and the dollar have been rising together the last couple of weeks, and I think the simple part of crude oil is that we're still at least in the short term in an oversupply situation, notes Wayne Kaufman. He discusses forecasting energy market trends for 2023. He previews the next FOMC meeting which takes place June 13 and 14. He goes over the debt ceiling latest and what investors need to know. He looks at the EIA Petroleum Status Report for the week of May 19. Natural gas (/NG) down in 4 of the last 5 sessions. He examines natural gas weakness in Europe. Tune in to find out more about the stock market today.