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Jeff Kilburg's Crude Oil Futures Trade

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Jeff Kilburg's Crude Oil Futures Trade

On CNBC's "Futures Outlook," Jeff Kilburg revealed he is a buyer of crude oil. He thinks investors become bearish on crude oil when they see a threat of a lockdown, but if giant crude oil companies report good earnings, the sentiment is going to improve and investors are going to get back into the risk-on mood.

Although it seems like catching a falling knife, Kilburg wants to buy the December futures contract in crude oil at $35.50. He would place a stop loss at $34.50 and his target price is at $37.

 

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Posted-In: CNBC Futures Outlook Jeff KilburgFutures Commodities Markets Media