CNBC Street Signs

VIDEO: John Kosar, Director of Research, appeared on CNBC’s Street Signs on November 9th 2011 with host Brian Sullivan to discuss crude oil prices’ potential influence on future US stock market direction.

Kosar said that oil prices were amid favorable conditions to “take a run at $100 per barrel”, and that $100 oil should coincide with a rise in the US stock market.

NYMEX crude oil reached $100 per barrel 5 days later, on November 16th and, following a minor pullback to $95 on November 25th, is now trading back above $100 again as of early December.  Meanwhile, the S&P 500 has already rebounded by +8% since establishing a near term bottom, right along with oil prices, on November 25th.

CNBC Street Signs:

Appeared on:
November 10th, 2011 at 8:18 am