Skip to main content

Market Overview

Gartman: We Won't See $44 Oil In My Lifetime


On CNBC's Fast Money, Dennis Gartman spoke about crude oil and the correlation with the equity market.

He thinks that the correlation between crude oil and stocks is not going to last for a long period of time. At this point he doesn't want to be short crude oil and he believes that there is a possibility that it has bottomed. Gartman added that he doesn't want to be long crude oil either. He expects it to stabilize around $37, but he doesn't see it back above $44 in his lifetime.

Gartman is relatively bearish on the stock market. He doesn't expect a dramatic decline, but he has a small short position at the moment.


Related Articles (USO)

View Comments and Join the Discussion!

Posted-In: CNBC Dennis Gartman Fast MoneyCommodities Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at