COM - From Inventory Draws To Summer Driving Why Oil Could Be Heading Higher
2024-07-02 12:35:00 ET
Summary
- What the summer driving season could mean for oil prices.
- Why are commodity investors on the sidelines?
- Central banks and the price of gold.
After slipping to as low as $73 a barrel earlier in June, the price of oil has enjoyed a steady climb upward. Hussein Allidina, Managing Director and Head of Commodities at TD Asset Management, explains why he sees more upside for oil prices from current levels.
Transcript
Greg Bonnell: After dipping to as low as $73 a barrel earlier this month, the price of oil has enjoyed a steady climb back to around the $80 mark. My next guest says we could see further gains in the commodity as we head into the summer driving season. And he has some interesting charts to help explain what's happening. Hussein Allidina, Managing Director, Head of Commodities at TD Asset Management. Hussein, great to have you back on the show....
From Inventory Draws To Summer Driving, Why Oil Could Be Heading Higher