Will Oil Demand Remain Strong?
Date Posted: August 1, 2018
Read time: 1 min
U.S. Global Investors CEO Frank Holmes spoke with Market One Media about oil, the best performing commodity so far this year. He explains where the purchasing manufacturer's index (PMI) factors into trying to predict oil demand, and how global politics impact commodities as a whole.
U.S. Global Investors CEO Frank Holmes spoke with Market One Media about oil, the best performing commodity so far this year. He explains where the purchasing manager’s index (PMI) factors into trying to predict oil demand, and how global politics impact commodities as a whole.
Watch the brief clip below to understand the factors that Frank tracks to assess where oil may be heading!
Want the latest updates from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk by clicking here.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
