Glickman: Crude Oil Above $100 "Makes Sense," Brace for Consumer Behavior Changes
Schwab Network · Schwab Network
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Show Notes
CFRA's Stewart Glickman believes crude oil's recent dip back in the $80 range isn't feasible. He's surprised the commodity isn't trading higher, saying prices "north of $100 makes sense." Stewart talks about the present dangers lingering in the Strait of Hormuz and around Iran that back his stance for higher prices. He adds that consumers will undergo a spending balancing act if gas prices spike above $4 across the U.S.
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