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The Truth Behind This Week’s Oil Price Plunge

by | published July 7th, 2015

This was a stressful week for investors.

The results of the Greek referendum came in, China’s stock market looked like it was crashing, and crude prices plunged 8%.

To figure out what’s really happening, CNBC invited Dr. Kent Moors to explain.

In the following video, Kent explains why the worst is over, why he is not too worried about China’s economy, and why, despite lowering his price targets somewhat, he still expects oil to be up by the end of the year.

 


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