) have been on the rise this month, as geopolitical tensions and summer demand mount. Wells Fargo senior energy analyst Roger Read joins Morning Brief to give insight into the movement in oil prices and how investors can play the energy sector moving forward.
So everything looks pretty solid on the driving side, diesel has been a little weak with the industrial side of the economy, but it's, it's flat, not down as, as we look at it, you know, as we kind of look out to the next coming months here. The way we've been looking at the oil markets overall was, you know, a year ago or so we just said long term 75 Brent, 70 wt I then with the OPEC discipline, we came up $5 kind of 7580.
Um But what it tells me is any place that loses it subsidies even for a short period of time is struggling to hit the targets. But, uh, yeah, the affordability thing and we look at it a couple of different ways, but one of the, the key ones is, you know, what are wages and, and what part of wages are required to buy gasoline, think of it as a ratio.