Oil Needs Investors and Billionaire Stock Sales 7/11/23

Oil supply cuts by top exporters Saudi Arabia and Russia for August helped to lift benchmark prices, which were also supported by the U.S. dollar hitting a two-month low. Jeff Currie, Goldman Sachs global head of commodities research, discusses the state of the global energy market, why investors aren’t embracing the latest oil rally, and more. America's billionaires are cashing out and CNBC’s Robert Frank has an inside look at the executives unloading stock amid the recent market rally. Plus, the market braces for inflation data and the Hollywood writers strike continues.

In this episode:
Joe Kernen, @JoeSquawk

Melissa Lee, @MelissaLeeCNBC
Robert Frank, @robtfrank
Katie Kramer, @Kramer_Katie

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