Oil Prices Hold Amid U.S. Strikes in Syria

The video discusses the current state of the oil market, focusing on the price of oil around $53 a barrel. It explores the impact of geopolitical events, such as the US bombing Syria, on oil prices. Despite expectations of higher prices, bearish news balances the bullish mood. The discussion highlights the importance of Saudi and Russian cooperation in extending oil production cuts, with an 80% probability of a deal extension. Future predictions suggest oil prices may rise in the second quarter, but without an agreement, prices could drop to $45.

What is the current price of oil per barrel as discussed in the video?

• $70

• $60

• $53

• $45

What is the probability of the oil production cut deal being extended according to the video?

• 60%

• 90%

• 50%

• 80%

Which two countries are primarily involved in the oil production cut deal?

• USA and Iran

• Russia and Saudi Arabia

• China and India

• UK and Canada

What is the expected price range for Brent oil in the back half of the year if the deal is extended?

• In the 60s

• In the 50s

• In the 40s

• In the 70s

What could be the potential price of oil per barrel if the deal is not extended?

• $40

• $35

• $45

• $50