Crude Price Risk to the Upside, Analyst Epstein Says

The video discusses the current state of the oil market, focusing on recent EIA data surprises and their implications. It highlights geopolitical concerns, particularly involving Iran and Saudi Arabia, and their potential impact on oil prices. The discussion also covers the influence of trade conflicts, especially between China and the US, on global oil demand and market dynamics.

What was the market's expectation regarding the EIA data before the surprise draw?

• No change in oil supply

• A decrease in oil supply

• A small increase of about a million barrels

• A large increase in oil supply

What is a major concern for the oil market related to Iran?

• Iran's oil production levels

• The Strait of Hormoz and potential conflicts

• Iran's oil export policies

• Iran's domestic oil consumption

According to the discussion, what is the current risk direction for crude oil prices?

• Risk is neutral

• Risk is unpredictable

• Risk is to the upside

• Risk is to the downside

How might an escalation in the trade conflict between China and the United States affect global oil demand?

• No impact on global oil demand

• Decrease in global oil demand

• Fluctuating global oil demand

• Increase in global oil demand

What is the expected impact on world economies if the US-China trade war continues?

• World economies will thrive

• World economies will be unaffected

• World economies will remain stable

• World economies will be negatively affected