Oil Extends Decline From 5 _ Year Low

The video discusses the decline in oil futures, with experts Greg Bender and Phil Streible analyzing factors such as supply, demand, and currency impacts. Phil shares his trading strategy, predicting further declines but potential rebounds. The discussion highlights market volatility and the importance of strategic trading decisions.

What is one of the main factors contributing to the decline in oil futures?

• Decreasing production

• Increased demand

• Oversupply

• Rising interest rates

How does the strength of the dollar impact oil prices?

• It stabilizes oil prices

• It decreases oil prices

• It has no effect on oil prices

• It increases oil prices

According to Phil Streible, at what price should traders consider going long on oil?

• $45.50

• $48.00

• $49.50

• $54.50

What is the potential profit Phil Streible mentions for a move from $49.50 to $54.50 per barrel?

• $5,000

• $7,000

• $3,000

• $1,000

What is the oil VIX used for in trading?

• Measuring market volatility

• Determining oil demand

• Calculating oil supply

• Predicting future oil prices