Markets are Trading Oil on Fear: Bauer

The video discusses the current state of oil futures, which are at a five-year low due to OPEC's decision to maintain output and a Saudi market share grab. Greg Bender analyzes the bearish trend and the role of speculators versus long-term investors. Scott Bauer provides short-term trading strategies, suggesting buying at $63.75 and selling at $65.90, and a long-term view to enter the market when oil hits $60 per barrel.

What major decision by OPEC has influenced the current state of oil futures?

• Introducing new oil reserves

• Maintaining output levels

• Increasing oil production

• Cutting oil supply

What is a significant challenge in determining when oil supply will peak?

• Complexity of the supply side

• Inconsistent demand patterns

• Unpredictable market trends

• Lack of historical data

According to Scott Bauer, what is the short-term price range for trading oil?

• $66.00 to $68.00

• $70.00 to $72.00

• $60.00 to $62.00

• $63.75 to $65.90

What is Scott Bauer's strategy for entering the oil market in the long term?

• Buying when prices rise above $70

• Selling when prices drop below $50

• Holding when prices stabilize at $65

• Entering when prices fall to $60

What does Scott Bauer suggest is driving the current market conditions?

• Technical analysis

• Market fear

• Economic stability

• Government policies