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Gas hangs in the balance of geopolitical peace talks, oil is long-term, says RBC's Helima Croft

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Helima Croft, RBC Capital Markets head of commodity strategy, joins 'Power Lunch' to discuss peace talks between Russia and Ukraine and Saudi Arabia's influence on energy.
The video segment from MSN Money features Helima Croft, head of commodity strategy at RBC Capital Markets, discussing the current state of the oil market amidst geopolitical tensions. Croft highlights that while short-term fluctuations in oil prices are influenced by ongoing peace talks and geopolitical events, the long-term outlook for oil remains robust. She points out that despite potential short-term volatility due to geopolitical peace negotiations, the demand for oil is expected to stay strong due to global economic recovery and energy needs. Croft also touches on the strategic petroleum reserve releases and their impact on market dynamics, suggesting that these are temporary measures and do not alter the fundamental demand for oil in the long run.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/gas-hangs-in-the-balance-of-geopolitical-peace-talks-oil-is-long-term-says-rbc-s-helima-croft/vi-AA1zt1LL ]