Tom Nash
@tomnashtv·679K subscribers·911 videos
The Saudi’s Revenge
Posted
October 6, 2022
Views
31,825
Likes
1,780
Comments
134
Engagement
6.01%
October 6, 2022
31,825
1,780
134
6.01%
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7:48Now PlayingAfter hitting $120 per barrel of crude oil, the price dropped all the way to $77 as of the end of September 2022. Mainly due to expectations of a slow down in demand due to an upcoming global recession. Cheap oil is great for the gas pump, its awesome for the economy, its very important in reducing inflation and mostly it is CRITICAL in winning the US mid term elections in November. But happened yesterday, was very strange. OPEC plus members countries decided to slash two million barrels a day from production, in a move to push up oil prices. As a result the price per barrel of crude started going back up and is nearing $90 per barrel. So what just happened and why?
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DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
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