Tag Archives: Oil Prices

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Bloomberg Radio Interview: Saudis Are Going In For The Kill, Targeting U.S. Oil (Podcast)

Author: , Post Date: April 22, 2020
Cumberland's David Kotok on Bloomberg Radio

Bloomberg Radio Interview: Saudis Are Going In For The Kill, Targeting U.S. Oil (Podcast) April 21, 2020 — Running time 26:59 John Kilduff, Founder of Again Capital, on the oil market collapse, and what comes next. David Kotok, Chairman & Chief Investment Officer at Cumberland Advisors, discusses how the Fed is trying to control the […]

Cumberland Advisors Market Commentary – Saudi-Russia Oil War

Author: David R. Kotok, Post Date: March 10, 2020
Market Commentary - Cumberland Advisors - Saudi-Russia Oil War

A quick note about oil. The Saudi-Russia price war means OPEC disarray and a lower oil price for the US. The Energy Information Administration (EIA) reports: “In 2019, about 142.23 billion gallons (or about 3.39 billion barrels) of finished motor gasoline were consumed in the United States, an average of about 389.68 million gallons (or […]

Cumberland Advisors Market Commentary – Saudi Drone Attack- Market Shock!

Author: David R. Kotok, Post Date: September 14, 2019
Market Commentary - Cumberland Advisors - Oil Disruption - System Shock

Bloomberg tweeted early this morning: “BREAKING: Saudi Aramco executives are having an emergency meeting after 10 explosive drones attacked the heart of the kingdom’s energy industry.” (https://twitter.com/business/status/1172876148419829760?s=11) Bullets: 1.  There is evidence of a second large-scale Iranian drone. The US shot down the first one. Saudis were hit by this one. How many were launched? […]