Oil Seen Around $55-$60 at Year End With Risk to The Upside: Nasdaq's Essner

The video discusses the impact of geopolitical factors on oil prices, focusing on civil unrest in Libya and Venezuela, potential actions by Iran, and the US-China trade deal. It highlights the volatility in Libyan oil production and the risks associated with the Strait of Hormuz. The discussion also covers how the US-China trade deal could influence China's compliance with sanctions and affect oil demand. Finally, it provides a forecast for crude oil prices, considering seasonal demand and geopolitical tensions.

What is a major factor causing volatility in Libyan oil production?

• Economic sanctions

• Civil war

• Natural disasters

• Technological advancements

Which geopolitical factor is considered a wildcard for oil prices?

• Technological advancements

• OPEC production cuts

• Libyan civil unrest

• US-China trade relations

What is the primary deterrent against Iran closing the Strait of Hormuz?

• Diplomatic negotiations

• Economic sanctions

• Presence of the US 66 fleet in Bahrain

• International trade agreements

How might a US-China trade deal affect oil prices?

• Immediate drop in oil prices

• Decrease in oil prices due to reduced demand

• Increase in oil prices due to higher demand

• No impact on oil prices

What is the expected trend for crude oil prices towards the end of 2019?

• Prices will remain stable

• Prices will decrease significantly

• Prices will fluctuate wildly

• Prices will increase before stabilizing