MacroVoices #439 Rory Johnston: Discretionary Risks To The Oil Market

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 1 August 2024

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Rory Johnston. They discuss all things crude oil, ranging from President Trump’s claim that OPEC is working hard to get Kamala Harris elected to the ultimate growth limits of U.S. Shale. https://bit.ly/4ceTfSV ⚫ Follow Rory Johnston on X: https://www.x.com/Rory_Johnston ⚫ Find Out More: https://www.commoditycontext.com/🔻Download Big Picture Trading Chartbook: 📈📉: https://bit.ly/3Ag1QaI ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/3WbYmgH 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity ✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y 🔴 Subscribe to Nick’s Medium: https://medium.com/@ngalarnyk Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

Click on a timestamp to play from that location

0:00.0	This is macro voices, the free weekly financial podcast targeting professional finance, high net worth
0:14.2	individuals, family offices, and other sophisticated investors. Macro Voices is
0:19.8	all about the brightest minds in the world of finance and macroeconomics telling it like it is,
0:25.6	bullish or bearish, no holds barred.
0:28.3	Now here are your hosts, Eric Townsend and Patrick Sorezna.
0:38.9	Macro Voices episode 439 was produced on July 31st, 2024.
0:40.2	I'm Eric Townsend.
0:41.8	Commodity Context founder and Energy Markets expert, Rory Johnston returns as this week's
0:47.1	feature interview guest.
0:48.9	Rory weighs in on all things crude oil, ranging from President Trump's claim that OPEC is working hard
0:54.4	to get Kamala Harris elected to the ultimate growth limits of US shale.
0:59.2	We recorded this one just before the latest round of geopolitical conflict broke out between Israel, Iran, and Hamas.
1:07.0	So I'll cover that news separately in our post-game segment.
1:11.0	But Rory and I will still cover the longer-term geopolitical risk picture in the feature interview.
1:16.0	And I'm Patrick Serresna with the Macro Scoreboard Week Over Week as of the close of July 31st, 2024.
1:22.0	The September S&P 500 futures up 157 basis points trading at 55.58.
1:29.2	Wednesday brought about an oversold bounce, but some key technical hurdles still lie ahead.
1:34.7	We'll take a closer look at that chart and the key technical levels to watch in the post-game segment.
1:39.8	The US dollar index down 31 basis points trading at 10401, the September W.T.I. crude oil
1:46.2	contract up 41 basis points, trading at 7791, bouncing from a deeply oversold state, but is it the start of something bigger?
1:55.2	We'll take a look at that chart in the post game and Eric will have the EIA inventory data,
2:00.0	the September Arbob Gasoline up 124 basis points trading at 244.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hedge Fund Manager Erik Townsend, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hedge Fund Manager Erik Townsend and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.