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Bloomberg Surveillance

Sen: Oil's new trading range is $45 to $55 a barrel

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 9 June 2016

⏱️ 13 minutes

🧾️ Download transcript

Summary

Sen: Oil’s new trading range is $45 to $55 a barrel

Transcript

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0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.5

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

0:11.4

Radio that turns down the volume a bit to give you some space to think.

0:16.5

I'm Wes Kossova.

0:18.0

Each weekday I dig into one important story and talk about why it matters.

0:23.7

Listen to the big take on the I Heart Radio app,

0:26.6

Apple Podcasts, or wherever you listen.

0:29.1

This is Bloomberg surveillance.

0:35.0

I don't think there is going to be a major change in interest rates anytime soon.

0:41.0

The people who think rates are going up up think they'll go up a little.

0:44.0

Stable oil at $50 would be a wonderful thing for everybody.

0:47.1

Consumers would be happy, industry wouldn't be happy, that would be the best of all worlds.

0:50.9

The mentality of the Fed has shifted. The Fed does want to

0:54.1

normalize rates and as long as there is not something in their way they will continue to do that.

0:59.4

Bloomberg surveillance, your link to the world of economics, finance, and investment on Bloomberg

1:05.5

Radio.

1:06.5

Good morning everyone.

1:07.5

Bloomberg surveillance, Michael McKee and Tom Keene, extra data checks today markets decidedly

1:12.2

on the move, not so much right now some stasis

1:14.8

right now but wow overnight huge moves in interest rates some of the foreign

1:20.4

exchange pairs moving of course Korea with a shock rate cut.

1:24.0

Thank you, Frederick Neumann of H.S.B.C. for helping us out here with some smart analysis out of

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