Energy Outlook for Monday

This man is Stephen Schork, CEO of The Schork Group Principal. He was just featured on Fox Business this morning on Mornings with Maria. He literally said "The next few quaters are going to be an investors dream" or something VERY similar to that if thats not quite verbatum. He was refering to the equity market Investing, Stocks and options. OPEC+ is now considering cutting another 1million barrels of production a day from their output due to LOW oil prices recently. They just cut output production last month a move Russia agreed to do as well. This is just a drop in the bucket overall and 1 million barrels is not much relative to worlds supply but it does affect the markets. Mr. Schork also stated that he expects Energy, or more specifically, Oil prices are likely to head back to $100 a barrel. (They are Currently at $83). Energy Ususally goes up in the wnter due to higher demand, and this year i believe it will be dramatically exagerated due to Russia Ukraine, US not producing as much, and the state of Europes Energy Market (which is not good).