Dan Celia: Market Trends And Oil Output

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Dan Celia: Market Trends And Oil Output
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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the market trends of the week and the current issue with oil output.

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The Current Issue With Oil Output

Celia stated, “All the indices are in negative territory and the volatility index was down, but it really didn’t matter. Volatility index was down primarily because trading volume is down. It was very quiet—a passive day in trading. The Dow finished negative at about a quarter of 1%, and the S&P was down about an eighth of 1%. NASDAQ was down or over a half of 1%. The Russell 2000, the gauge of small cap stocks, was down the most, about 1.1%, which was very typical. We’ve seen great gains in small cap stocks. They were the first to go up, but unfortunately, they will be very volatile on the way down.

“One thing that we’ve got to continue to watch is oil. U.S. oil output is down after Hurricane Ida. Is that the real issue of concern? I don’t believe it is. The decline from the hurricane is over and it’s back online. Again, inventories will be bolstered by the end of this week and things are looking good. The output is the same output that we’ve had for a very, very long time. And there doesn’t seem to be any real indication that oil companies here in America are going to do anything to increase output, particularly after Biden went to OPEC desperate to make us dependent upon foreign oil. Again, he goes to OPEC before he went to U.S. oil producers.”

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Dan Celia is the CEO and President of Financial Issues Stewardship Ministries. Married to Registered Nurse, Yvonne, in 1980, Dan has two married daughters, is blessed with sons-in law who love the Lord, and has seven grandchildren. Dan has worked for 35 years as an entrepreneur and businessman, starting eight corporations and co-founder of two others. In 1999 Dan sold his Small Trust Company (managing over 900 million dollars) to go into Ministry. Dan has developed and uses a biblically-responsible system of financial management with great success. He started a radio ministry in 1997 as a part time ministry and has seen the Lord expand and bless this ministry to his current full-time ministry. Dan has interviewed newsmakers and pundits like Steve Forbes, Ben Stein, T. Boone Pickens, Tony Perkins, John Alison, Rayola Dougher API, Congressmen, Senators and Presidential candidates. He is proud of his partnership with the American Family Association where he serves as a board member. Dan is now on over 640 stations three hours daily, NRB TV, BizTV, Dove TV and CBN Life Style Network. Financial Issues is heard in every state in America and throughout the internet globally. Financial Issues has supporters from over 17 countries. Dan is a Regular Weekly Contributor to Townhall.com (the number 1 source for conservative news and analyzation). Dan has been a guest on Fox Business, Bloomberg, Salem Radio, Family Net, 700 Club,and many others . He is a conference speaker, author of six books, publishes a weekly newsletter and has been Executive Producer of several video productions and FISM TV is producing original family friendly content and other video projects all keeping with in FISM’s Christian world view.
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