Glickman: Crude Oil Above $100 "Makes Sense," Brace for Consumer Behavior Changes

CFRA analyst Stewart Glickman says crude's recent dip into the ~$80/barrel range is not feasible and that oil trading 'north of $100' makes sense. If realized, that would imply roughly a ~$20+/barrel upside (≈25%+ from $80) with upward pressure on energy equities and commodity-driven inflation.

Analysis

CFRA analyst Stewart Glickman says crude's recent dip into the ~$80/barrel range is not feasible and that oil trading 'north of $100' makes sense. If realized, that would imply roughly a ~$20+/barrel upside (≈25%+ from $80) with upward pressure on energy equities and commodity-driven inflation.