What Happens to Oil Prices After Big Spikes?

(6/22/22) Markets bounced 2% following a long weekend break. This morning's early morning sell-off may keep prices suppressed. Consolidations lead to failures and short-term increases, making it difficult for investors to make any returns. Oil prices are beginning to exhibit this behavior, too, down about 4% after big run up. We're looking for a bounce at about $96 to $100/bbl. As demand slows down as the economy weakens, the diminished demand for fuel will further weaken prices.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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Articles mentioned in this report:
"Oil Price Reversions – The Inevitable Outcome Of Recessions"
https://realinvestmentadvice.com/oil-price-reversions-the-inevitable-outcome-of-recessions/
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