Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Oil Prices Climb Higher

Details

  • Description

    FBN’s Jeff Flock on the factors boosting the price of oil higher.

  • Duration 1:48
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

More oil prices surging back to 91000 -- -- blocks in the -- this CME with today's trade we know is gonna go higher when her real Christmas gift for awhile.

Well yes that's true let's say we had a number of factors running today and I don't think any of them have to do with a fiscal -- as we talk -- -- got a -- on a tour the exchange synergistic you can see for yourself the volume take a look that's -- -- -- -- -- futures right there there's tumble -- gone through that -- today but let's talk oil if we can.

I'm gonna show you three reasons why oil -- up today and they all have to do with the Middle East first of all the Kurds in the north of Iraq suspending production why.

-- -- having a dispute with Baghdad over prices also in the Middle East Iran two sets of military exercises.

One in need that big gas field that south pars gas field -- -- largest gas field.

In the world.

Military exercises starting -- today and then later this week in the straits of Hormuz.

More military exercises that makes it oil market very -- if you take a look at prices as we walked past the live live cattle futures and the -- feeder.

I cattle futures.

Gets here -- you can see also a little bit thin.

That has driven up the entire oil complex everything from WTI to -- to gasoline futures to heating oil futures -- also got a lot of I should say cold weather coming in so much more need for heating oil and the like as well I end our tour.

Here in the tag room.

Corn.

Oats wheat all of the rest we thought it was a good day take a walk around the forces we don't get to people's way on a day like today.

When trading volume is light.

-- -- Isn't a good Jeff black -- can reduce that press.

Load More