Veytics Intelligence
2026-11-05 · Yahoo

Oil's Sudden Price Drop Surprises Citi's Chronert

Citi Head of US Equity Strategy Scott Chronert says the sudden drop in oil prices on Wednesday surprised him. Brent fell almost 9% then rebounded on Thursday. He says that took some pressure off of the inflation backdrop. Video Transcript 00:00 Speaker A Well, give me a sense here. I mean, we if we see this play out for a little bit longer and you look at the complexion of what is actually being sold, um, I guess the question is, is this becoming a little bit too indiscriminate? I I can understand why why some of the neo clouds and and some of the, I guess weaker hands in the deck might actually be pushed to the side.

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