John Kilduff, Again Capital founding partner, joins ‘Squawk on the Street’ to discuss the oil and energy outlook for 2024, the impact of the Red Sea crisis, and more.
source
John Kilduff, Again Capital founding partner, joins ‘Squawk on the Street’ to discuss the oil and energy outlook for 2024, the impact of the Red Sea crisis, and more.
source
65 $
Maybe China demand will never recover because from here its all electric growth and RU/Iran has sufficient embargoed supply at a discount. Without the SPR put WTI oil would have already dipped below 70. A key indicator for China economy is oil demand… perhaps the China economic recovery is doing fine but the oil demand is forever subdued. I don't think the energy market makers have accounted for the possibility of growth without oil. On the other hand production will fall off through 24 naturally so we are set up range bound energy, WTI 75+-10 for 2024.
Send Ironman to deal with the Huothis…
He's probably short oil.
There will be more demand for oil than the worthless paper currencies not backed by anything..
Oil is oversold. Its simply worth more, and too important globally, to be trading below a hundred a barrel, especially below ninety a barrel. Sooner or later, a more honest valuation will come
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