Oil Prices Stuck in Supply and Demand Trading Range

The video discusses the current state of the oil market, focusing on volatility and price trends. Todd Coleman from CME explains the impact of Brexit on oil prices and the factors influencing short-term and long-term price movements, such as supply, demand, and geopolitical risks. The discussion covers potential future scenarios, including the role of global growth and central banks. The video also highlights the impact of supply disruptions in countries like Nigeria and Libya, and the need for global demand to increase for significant price changes.

What are the two main factors that influence oil prices according to the first section?

• Technological advancements

• Weather conditions

• Political elections

• Supply and demand

What has been the primary factor dictating oil prices over the past year?

• Technological advancements

• Supply levels

• Weather conditions

• Political elections

What is the expected price range for oil in the short term according to the second section?

• $20-$30

• $60-$70

• $30-$40

• $40-$50

Which countries' supply disruptions are mentioned as having the potential to affect oil prices?

• Venezuela and Saudi Arabia

• Brazil and Mexico

• Russia and Canada

• Nigeria and Libya

What is needed for oil prices to move out of the current static range?

• Increased global growth

• More technological advancements

• Better weather conditions

• Political stability