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LIGHTNING ROUND: Oil could test $80 in short term

Monday, April 15, 2013 - 01:45

Apr. 15 - Oil trader Ray Carbone says oil prices have been falling on concerns over Europe and feels that crude could test $80 a barrel in the coming weeks.

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Energy prices. Partly again that -- -- -- I think for a lightning round on oil prices -- why prices drop further. I think -- you formulated these risk off trade it is not government itself -- people. Looking at the global slowdown -- -- with does that mean I'll break ninety dollars we'll have broken and he comes -- and we settlement will be. And let's say below -- Agassi. The question please have a below ninety we have some room -- -- we came down all the way to 77 dollars last year when two weeks on May first that's on the story. -- think commodity prices volatile stocks are hitting all time highs. Because there's nowhere else to put your money so we're going into the equity markets interest rates -- -- -- looks kind of brutal and powerful and I think from Jerusalem related problems so there's concern overall about the man and slowing economy. Absolutely and it's well supplied market -- when you put those together we go now. So it can turn things around -- yeah top story this kind of pump prices up. Certainly more -- he can turn commodity prices around and geopolitical problem in the oil market threatening supply that would turn things around very quickly. We're keeping -- straight for the summer months. I think we're gonna test more downside probably below eighty dollars at some point. Unless something happens and I think we're gonna be right back up here in the 85 from 9 o'clock PM I. Hundred dollar -- off the table here it's never off the table but it's been people who who -- trying to get back. Ray -- thanks for joining me with this lightning round on -- pregnant. I'm Rhonda schaffler business writers.

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LIGHTNING ROUND: Oil could test $80 in short term

Monday, April 15, 2013 - 01:45