Are Commodities Ready to Rip?
Real Vision: Finance & Investing
00:00
The Oil and Gas Market Is Still Strong
The crack spread is extremely well bid right now, which is why you're seeing refiners cling to the highs of their move. Even though the economy is slowing down, gas demand has been relatively constant. If the price, flat price of oil gets going, then you'll see the oil services stocks and E&P companies come back to life. The bill that Gavin Newsom is getting passed in California will essentially capping the profits on refiners.
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