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    James Lebenthal of Lebenthal Asset Management gives tips for investing in today's market.

  • Duration 3:08
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But the GOP also and it's awesome and -- -- watching her -- -- especially today again that was oil.

Somebody told us here on this program a couple of months ago not to buy into the oil rally.

Didn't -- with all told a suspect in February take a listen.

You saying don't find it oil rally I'm not buying it look there is clearly a war risk premium in the price of oil right now if you look across the commodity sector.

You see rallies that are far smaller than what you've seen an oil.

Jim let did not back with us right now on -- all right you're right Tennessee you're right about the oil markets at the time.

-- -- -- I think -- where oil needs to be right now in the swing factor here is Saudi Arabia.

They are the 800 pound gorilla in the market they want Brent crude at a hundred dollars that's what they've said it's at roughly a hundred dollars.

-- things may overshoot to the downside they usually do.

But Saudi Arabia can easily cut production and -- prices right here where it is pinnacle -- I think they can't see you actually do believe it or 8332.

Right on west Texas intermediate okay.

-- do you have a cut kind of a number they're watching us -- floor that you think what might it well I -- I don't think we're gonna go much below eighty now why I wanna be very careful here predicting oil prices is very hard even for the best experts and I'm not saying I'm one of them sure.

But what you have here is clearly demand is way off here in the US and we're not even in a recession you take a look at what what Europe's doing in demand is way off they -- same with China.

So the demand isn't there it's a question of how fast into what degree -- Saudi Arabia cut supply.

-- we're talking about oil because one year peck says spending you talked about -- in the -- -- united -- right UAL and that's talk is actually up about 21% right now I think it's got a little more to go to music -- -- do you know thankfully the timing of this the recent oil price decline is very beneficial to United Continental.

The summer season is where they have the most capacity going it's where most of the flying goes.

There's no way that they're going to cut prices that they charge to travelers anywhere near in line with what oil prices have come down so this is a boon to them that comes just at the perfect time.

OK the other than other oil related stock you have Marathon Oil about -- -- before but this one.

Here's the thing though -- year -- -- entire -- us through must because of the pressure we've seen in the oil markets marathon has been fall links not -- -- really tied to the price or Korea and marathon is is a tough one to understand and there's a lot of nuances that -- to it I'll mention just one which is the fact that.

They have five mid continental refineries which take advantage of west Texas intermediate crude which is priced at a discount to the rest of the world oil market.

There's been a reversal in what's called the Seaway pipeline that should bring.

That west -- -- it to west Texas intermediate crude down to the Gulf Coast and raise the price of west Texas intermediate supposedly.

It hasn't happened yet but that's been a drag.

On the mid continental refiners like who marathon petroleum in the meantime.

There refinery margins are terrific right Jim let the congress called oil could ICF I was -- -- -- right Leavitt thanks to appreciated thing.

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