Oil Rises on Middle East Tensions, Yet Lower Prices Likely Ahead - Mike McGlone

Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence, to explore the latest dynamics in the commodities market. McGlone discusses the volatile shifts in oil prices influenced by tensions between Iran and Israel while making a call for lower WTI prices to come. McGlone also discusses economic factors and potential future trajectories of gold in response to central bank activities and inflationary pressures.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Mike McGlone on X: @mikemcglone11 ( / mikemcglone11 )
00:00 - Introduction and Overview
01:25 - Mike McGlone on Oil Price Trends
04:47 - Gold Market Dynamics
10:27 - Economic Indicators Influencing Commodities
15:12 - Long-Term Predictions for Oil and Gold
#MikeMcGlone #Commodities #OilPrices #GoldMarket #KitcoNews #FinancialMarkets #Investing #EconomicAnalysis #MarketTrends #interestrates #economy #gold #wticrudeoil
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[@TonyL-gw4qx]

Lower oil prices going into summer? When was the last time that happened?

[@manfredvandoorn8011]

What’s not to like from Mike McClone. What an experience, what an overview.

[@CountryTesla]

Topped off tanks after the Saturday Israel show, up a dime Monday. Nickle Wednesday. I see a trend.

[@tjfamily9263]

McGlone always interesting and provides data points

[@kevinkane5911]

$300 bbl to finish off the global economic collapse so the WEF globalists can complete their "great reset" Marxist coup "YOU WILL OWN NOTHING AND BE HAPPY" (SLAVES)

[@pongod5751]

Very good host wonderful cadence...keep this guy

[@danieldavid585]

possible head and shoulders from march 2023, suggests $45 oil within weeks, maybe August, absent any geopolitical shocks

[@neilweston7605]

you are wrong.

[@neilweston7605]

from here ok we will see.he saidit why is oil going down to 40 dollars usd.

[@danieldavid585]

and a possible second head and shoulders low with march 2022 peak, suggests maybe $15 november 2024

[@clovisholz245]

🤣🤣🤣🤣🤣🤣🤣👆🏻

[@gembligg4448]

Oil price jump is ok, i am ready to buy ev !

[@neilweston7605]

Oh the panic.

[@neilweston7605]

gold verse oil/

[@neilweston7605]

my best i printing.worse investment in the oil.

[@neilweston7605]

well sell your bitcoins etc and buy a barrel of oil.

[@iranwardotcom]

lol, dead wrong. Gloves are off no more fundamentals oil trading oil can spike overnight due to something in the strait

[@Bigbushape]

can this guy slow down, motor mouth