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Dan Pickering explains how surging crude oil costs could raise demand concerns if prices hit $100 per barrel
Dan Pickering, CIO of Pickering Energy Partners, expresses concerns about demand if crude oil prices reach $100 per barrel, discussing the potential implications for energy markets on CNBC's 'Closing Bell Overtime.'
‘We worry about demand’ if price of crude oil hits $100 per barrel, says Dan Pickering
Dan Pickering, Pickering Energy Partners CIO. joins ‘Closing Bell Overtime’ on CNBC to talk about the rising cost of crude oil and natural gas and what that means for the energy markets moving forward.
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Sentiment on oil markets weakened during August. Price will either be decent (WTI in the $70’s to low $80’s) or poor ($60’s or worse) with OPEC being the key swing variable.
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Oil market complexity took a step function higher during July and early August. Although not at red-alert levels, downside risks are probably the highest they’ve been YTD.
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