June Employment Situation And Crude Oil (/CL) Strength

A concern is the labor participation rate of the 55 and younger group, say Larry Shover of D. Alexander Capital. The average hourly earrings was up and he points to the one-time bonuses for the lower earners. He thought we would be further along in the rebound than we are, and it may be fall before the numbers start to matter again. He discusses crude oil (/CL), and says the U.S. is at 95% on the demand side and only 70% supply side. He says there is no compelling reason why oil should go down.

Futures

02 Jul 2021

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June Employment Situation And Crude Oil (/CL) Strength

A concern is the labor participation rate of the 55 and younger group, say Larry Shover of D. Alexander Capital. The average hourly earrings was up and he points to the one-time bonuses for the lower earners. He thought we would be further along in the rebound than we are, and it may be fall before the numbers start to matter again. He discusses crude oil (/CL), and says the U.S. is at 95% on the demand side and only 70% supply side. He says there is no compelling reason why oil should go down.

Futures

02 Jul 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US