Oil Spike Signals Market Crash

Added: 2026-06-03

[00:00:00]the price of oil has spiked tremendously because everybody needs to source their oil from elsewhere now. And so this sort of backfired as far as their plans. We still have the war in Ukraine going on in Russia. And now Russia is getting financed by this very expensive oil. If they're selling to China, it doesn't matter. It went way up.

[00:00:25]Uh and and so [clears throat] um because it's global, because of the infrastructure damage and the length of time that it's going to take to repair, I just don't see how there isn't going to be some sort of huge economic convulsion and market crash sometime soon in our future. Now here is the price of gasoline wholesale and it went from about a buck 80 to 350 three above 350.

[00:00:56]>> Wow.

[00:00:56]>> I mean you're talking about some just incredible percentage increases in a very short period of time. And when something is that volatile, nobody has the time to adjust.

[00:01:09]The And so that perturbation should be causing some huge market crash.