Daniel Gramza: On USD, Crude Prices, OPEC & Russia

133 views · Published 3 December 2018 · 4:28 · Indexed 3 October 2026

Channel: MoneyShow · 2018 · Education

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At TradersExpo Las Vegas, Dan Gramza: I've been bearish in Crude for a number of weeks because of the global supply situation.  We have plenty of supply. Global demand is not heating up. We could see some buying coming in. We want to watch US dollar, a big impact on these crude oil producing countries. If the US dollar is weak, I get less in my currency. If USD gets weaker, we may start seeing strong crude prices. OPEC is one of the weakest cartels out there. What they say at the meeting is not typically what they do.

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