CL Colgate-Palmolive : Bullish and Bearish Analyst Opinions
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03:20
Mar 09
Mar 09
The price of gasoline is highly correlated with the price of crude oil, and oil futures are currently climbing. If the geopolitical conflict mentioned continues, crude oil prices could return to their 2008 highs, causing a significant spike in oil futures. The author explicitly suggests buying short-dated crude oil (CL) futures to profit from the anticipated price increase. The underlying "conflict" could de-escalate, leading to a drop in oil prices. Increased US production ("drill baby drill") or a global economic slowdown could reduce demand and suppress prices.
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About CL Analyst Coverage
Buzzberg tracks CL (Colgate-Palmolive) across 1 sources. 1 bullish vs 0 bearish calls from 1 analysts. Sentiment: predominantly bullish (100%). 1 total trade ideas tracked.