U.S. to Tap into 50M Barrels of Reserve Oil to Tame Rising Gas Prices

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 24 November 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Nov 23,2021:The U.S. Department of Energy announced it will release 50 million barrels of crude oil from the Strategic Petroleum Reserve to battle gas prices and tame inflation. Gold and silver prices have also slipped lately – so it may be time to be bullish. Tony Greer joins us once more for TG Tuesdays to discuss oil and gold on today’s Daily Briefing. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3xiaYGc Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:30.2	Welcome to the RealVision podcast network.
0:42.3	The hour is upon us. Welcome to the RealVision Daily Briefing. It's Tuesday, November 23rd, 2021.
0:48.4	I'm Ash Bennington, joined once again by Tony Greer of Morning Navigator.
0:53.1	And it's a perfect setup for a TG Tuesday. Lots of news flow out today.
0:58.2	The US has released 50 million barrels of oil from the strategic petroleum reserve.
1:03.3	Looks like we've got some significant movement right now on oil prices.
1:07.6	WTI on the day, it looks like it's up 2.6% bouncing around here at the close.
1:12.5	I see 78-74 a barrel for West Texas Intermediate Crew January 22 futures contracts.
1:19.6	Moving into the two-year yield point, we've really seen some motion on this.
1:24.1	It's 61.2 bips right now. That's over 10 basis points here.
1:29.0	Basically, since close of business Friday, what an incredible day to have Tony Greer here.
1:34.0	Tony, welcome back to the RealVision Daily Briefing.
1:36.8	What a tremendous welcoming there, Slash. Thank you so much for that.
1:39.6	I really appreciate it. We're unbelievable markets. We've got to deal with today, huh?
1:43.9	Yeah, so jump right in, man. Tell us, what are you looking at? What's been going on?
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