Citigroup's Liao on Oil, Metals, Copper

The video discusses the forecast for oil prices, highlighting a bearish outlook due to potential oversupply from shale production and OPEC's actions. It examines the demand side, noting strong petrochemical demand but a slight GDP growth revision. The impact of China's economic policies on metals and demand is analyzed, with a focus on the potential for a demand slowdown. The video concludes with an optimistic view on copper prices, contingent on a resolution to the China-US trade war.

What is the expected medium-term price range for oil according to the forecast?

• $40 to $60

• $20 to $40

• $60 to $80

• $80 to $100

What is the main reason for the bearish forecast in oil prices?

• Economic growth

• OPEC's actions

• Increased demand

• Technological advancements

Which petrochemical products are leading global demand growth?

• Jet fuel and lubricants

• Crude oil and kerosene

• Diesel and gasoline

• LPG and NAFTA

What is the expected impact of Chinese infrastructure stimulus on steel demand?

• Decrease in demand

• Increase in demand

• Demand will fluctuate

• No change in demand

What is the potential price target for copper if trade tensions ease?

• Below $5000

• $5500

• $7000

• $6500 and above