Oil Prices Keep Rising, Is a Market Correction Coming

Oil prices and a possible Q4 correction

Speaker 1: 00:00 Look at this. Oil went up basically seven days in a row? What's to stop it from marching higher? And if it does, it's like the perfect narrative for the Q4 correction, right? People getting worried about rising energy costs.

And it doesn't really seem like anyone's doing anything about it. They're just like, “Oh, well, wait till after the midterms, and we'll talk about it. Until then, we'll just keep screaming at everyone that oil prices are going to come down eventually, like after the war is over.” But that might be true, but it doesn't help things now, right? It doesn't help anything right now.