Oil Market Rides Trump Tweets, OPEC Output to Mixed Results

The video discusses recent trends in the equity and oil markets, highlighting a sell-off in both sectors. Despite OPEC's announcement to tighten oil supplies, the market experienced a surprising pullback. The week has been volatile, influenced by factors like Trump's tweets and unexpected US oil supplies. The options market predicts a $2 movement in the next 19 days, with a call skew favoring calls over puts, though this may flatten after the recent sell-off.

What was the surprising market behavior despite OPEC's announcement?

• A surge in the S&P index

• A pullback in the oil market

• A sell-off in the equity market

• A significant rise in oil prices

What external factor contributed to the oil market's volatility earlier in the week?

• Trump's tweets

• OPEC's decision to increase supplies

• A new trade agreement

• A natural disaster

How did the unexpected US oil supplies affect the market?

• It caused a further sell-off

• It stabilized the market

• It had no impact

• It helped recover the sell-off

What is the expected movement in oil options over the next 19 days?

• About $10.00

• About $1.00

• About $2.00

• About $5.00

What is the current trend in the call skew after the recent sell-off?

• It is decreasing

• It is flattening

• It is stable

• It is increasing