Will Crude Oil Constraints Continue To Drive Inflation?

Will Crude Oil Constraints Continue To Drive Inflation?

President Joe Biden announced a plan to release from the U.S. Strategic Petroleum Reserve 1 million barrels of oil per day for the next six months as part of the federal government’s effort to fight inflation. Releasing 180 million barrels from the SPR is an unprecedented step. But it’s unclear whether it will have a meaningful impact on oil prices. Earlier Thursday, OPEC+ ratified a 432,000 barrel per day production increase as of May, but that increase is in line with the cartel’s plan; it is not responding to oil consumers’ calls for significant output boosts. Oil investors everywhere seem to be holding the line for only gradual production increases, despite the ongoing crisis in Eastern Europe. Bart Melek, Global Head of Commodity Markets Strategy at TD Securities, joins Real Vision’s Ash Bennington to discuss the global crude oil market, current constraints on production and supply, and inflation. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3IV7RbE Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Why will a rising dollar lead to a proliferation of ice cream flavors that go far beyond vanilla? Justine and Alex discuss, touching on thieves in Madagascar, beaver glands, whisky maturation and the ...

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The Knock-On Effect #6 - Fed Hikes to Quash Lottery Ticket Sales?

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The Knock-On Effect #4 - Tariffs and Cork

The Knock-On Effect #4 - Tariffs and Cork

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The Knock-On Effect #3 - Crude Oil Boom, Craft Beer Gloom

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Why will higher oil prices result in disappointed craft beer drinkers? Justine and Alex discuss. Plus, Alex delves into the world of academia, and discusses an interesting finding about the way stocks...

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The Knock-On Effect #2 - Rising Rates and Sandy Tracks

The Knock-On Effect #2 - Rising Rates and Sandy Tracks

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