China’s weak oil demand isn’t serious issue: Portfolio manager
Oil (CL=F, BZ=F) prices surged in Wednesday’s trading session amid worries that Hurricane Francine would disrupt US production in the offshore region for an extended period. Tortoise senior portfolio manager and managing director Rob Thummel joins Market Domination to discuss the movement and the overall state of the oil market. Thummel notes that some production has been shut down in the Gulf of Mexico due to the hurricane.
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