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| Name | How geopolitical tensions could impact oil prices |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 02-01-2024 17:45:54 |
| Video Discription | Oil traders have been closely watching events in the Red Sea, a center for global trade. Despite geopolitical tensions ratcheting up in recent months, oil prices (CL=F, BZ=F) are still trading in the $70s. Andrew Lipow, President of Lipow Oil Associates, joins Yahoo Finance to discuss the current developments with oil prices and taking a look ahead at what could come next. Lipow gives an estimation as to where oil prices could end up : "I think a year from now we'll be looking at $85 to $87 a barrel, but in between now and then we could see oil prices fall to below $67 a barrel based on Chinese demand and on the other hand, we could see them reach $93-$95 a barrel if there were to be a supply disruption in the middle east." #OIL #stockmarket #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
| Tags | Yahoo Finance | Personal Finance | Money | Investing | Business | Savings | Investment | Stocks | Bonds | FX | Currencies | NYSE | Equities | News | Politics | Market | Markets | Yahoo FInance Premium | Stock market | OIL | Oil prices |
