Joel Elconin – Oil Continuing To Spike and Recapping Markets Monthly Close
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show joins us to discuss the continued move higher in oil and the energy sector as well as the monthly closes in US markets at the end of today.
When it comes to the oil price, it really is one of the only markets continuing to move higher on the back of more sanctions, tight supply, and strong demand. the issue being, higher energy prices hurt business and consumers as well as driving inflation higher.
On the US market front, the S&P might actually close the month is positive territory (barely). What does this mean for June?