VIDEO: Oil Just Hit $100+. Is $150 Next?
Chris Versace discusses the historic energy crisis and market chaos and recaps some of the Portfolio’s moves earlier this week.
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VIDEO: Let's Analyze the Latest Market Indicators, Data and Oil Developments
Oil prices have surged above $100 amid escalating tensions in the Middle East, raising concerns about a major disruption in global energy markets. Could prices climb even higher?
In this interview, Chris Versace joins Julie Gillespie from TipRanks to discuss the latest geopolitical developments, why some analysts believe oil could potentially reach $150, and what that could mean for inflation, interest rates, and the broader stock market.
Chris also discusses recent moves in TheStreet Pro Portfolio, including adding a hedge with ProShares Short S&P 500 ETF (SH) , and adding to existing positions in Morgan Stanley (MS) and Bank of America (BAC) .
Related: Stocks & Markets Podcast: Key S&P 500 Levels to Watch as Oil Prices Surge
At the time of publication, TheStreet Pro Portfolio was long SH, MS and BAC.
