U.S. Oil Inventories Show First Gain in Six Weeks

The video discusses recent changes in oil inventories, highlighting a larger-than-expected build in oil inventories and a drawdown in gasoline and distillate inventories. It examines the market's initial negative reaction to these changes, noting a slight decline in oil prices. The video also highlights the strong performance of energy stocks in the S&P 500 this year, contrasting with their poor performance last year. Finally, it explores the potential for a 'Golden Cross' in oil prices, a technical indicator suggesting a possible rally.

What was the unexpected change in crude oil inventories?

• A larger than estimated build

• A smaller than estimated build

• No change

• A larger than estimated drawdown

How did the market initially react to the inventory changes?

• Oil prices increased by 0.5%

• Oil prices remained stable

• Oil prices decreased by 0.5%

• Oil prices increased by 1%

Which sector was the best performer in the S&P 500 this year?

• Finance

• Energy

• Healthcare

• Technology

What is the 'Golden Cross' in the context of oil prices?

• A short-term moving average crossing below a long-term moving average

• A short-term moving average crossing above a long-term moving average

• A long-term moving average crossing below a short-term moving average

• A long-term moving average crossing above a short-term moving average

What was the performance of energy stocks last year compared to this year?

• Best performer last year, worst this year

• Worst performer last year, best this year

• Consistently worst performer

• Consistently best performer