'God' Says You're Better Off Betting on Oil 'Going Up'

The video discusses recent changes in the US oil supply, particularly a drawdown at Cushing, OK, leading to a rise in oil prices. It examines future global oil production, highlighting potential declines due to unplanned losses in Iran and Venezuela. Andy Hall, a renowned oil trader, shares his insights on market trends, suggesting a bullish outlook. The video also considers China's potential increased oil purchases, which could further boost prices.

What was the impact of the surprise drawdown at Cushing, OK on New York crude prices?

• Prices remained stable

• Prices increased by about half a percent

• Prices decreased by 2%

• Prices fell by half a percent

What could cause OPEC output to fall to about 31.5 million barrels a day?

• New environmental regulations

• Higher demand in Asia

• Unplanned losses in Iran and Venezuela

• Increased production in the US

Who is referred to as the 'God of oil'?

• Andy Hall

• Alex Steele

• Heidi

• Bloomberg News

According to Andy Hall, what is the likely direction for oil prices?

• Prices will remain stable

• Prices will fluctuate unpredictably

• Prices will go down

• Prices will go up

How might China's purchasing behavior affect oil prices?

• It could boost prices further

• It could lower prices

• It could stabilize prices

• It could have no effect