Why Oil’s Bout With Volatility May Not Be Over

TD Wealth profile picture Summary Oil’s problem with unknown variables, and what it means for investors. Why Europe’s energy troubles are likely far from over. There continues to be a disconnect between production and prices. mysticenergy Oil prices have been experiencing increased volatility recently. Greg Bonnell speaks with Daniel Ghali, Senior Commodity Strategist at TD Securities, about the challenges facing the sector, and how supply uncertainty is likely to influence pricing in 2023. Transcript Greg Bonnell: We are continuing to see volatile trading in the price of crude oil. Investors are weighing, of course, supply with demand concerns. But our featured guest today says any downward pressure on oil might just be the markets pricing in a Goldilocks scenario that may not play out. Joining us now for more, Daniel Ghali, senior commodity strategist at TD Securities. Daniel, welcome back to the program. Daniel Ghali: Thank you, Greg. Thanks for having me. Greg Bonnell: Okay, so let’s dig into this because this has been quite– I mean, quite a couple of weeks, quite a year, but even just quite a couple days between oil erasing its gains for the year, and then suddenly back above $80 a barrel. What’s […]

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