Possibly Seeing Crude Oil (/CL) at $118 in July

The inflation issue is out of control, anything that can inflate is likely to inflate, says David Williams. I don't see any easing insight, he adds. He thinks if crude (/CL) has continued weekly and monthly closes above $98, than it will have a continued advance to $118 or higher into by July 2022 or the fourth quarter 2022. He explains how the high price in diesel is affecting the trucking industry and expresses his concern. He discusses the high price in gasoline and gives his thoughts on where he thinks the S&P 500 (/ES) is headed. Tune in for the full discussion with Ben.

Futures

16 May 2022

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