Brexit Positivity Fuels Oil's Gains From One-Month Low

The video discusses the current trends in the oil market, focusing on the impact of Brexit. Scott Bauer explains that oil prices are currently influenced by Brexit rather than fundamentals. He suggests that if Brexit occurs, it could create investment opportunities as oil prices may dip, providing a chance to buy. Bauer predicts that if Brexit does not happen, oil prices could rise significantly. The discussion also covers the balance between supply and demand, which is stabilizing, leading to high demand predictions for the upcoming quarters.

What is the primary reason for the recent rise in oil prices according to Scott Bauer?

• OPEC's decision to cut production

• Increased demand in Asia

• Technological advancements in oil extraction

• Positive news about Brexit

If Brexit occurs, what is the expected initial price level for oil?

• $46

• $50

• $60

• $40

What price level is considered a major support for oil if Brexit happens?

• $50

• $46

• $43.5 to $44

• $60

What is the expected price range for oil if it starts trading based on fundamentals?

• $30 to $40

• $40 to $45

• $50 to $54

• $60 to $70

What is the predicted trend for oil demand in the third and fourth quarters?

• High demand

• No significant change

• Stable demand

• Decreasing demand