Oil Set for Worst Monthly Loss This Year

The video discusses the current state of demand in the energy market, highlighting a weakening demand outlook and rising gasoline stockpiles during the US summer driving season. It also examines the impact of US-China trade tensions on global demand. The options market indicates potential for further downside in crude prices, suggesting a technical correction amid demand concerns. The focus shifts to OPEC's production cuts and the uncertainty surrounding their extension, which could affect market stability. The lack of agreement on a meeting date for OPEC adds to the uncertainty, potentially causing market struggles.

What unusual trend is causing concern among traders during the US summer driving season?

• Decreasing gasoline stockpiles

• Rising gasoline stockpiles

• Stable gasoline stockpiles

• Fluctuating gasoline stockpiles

How are US-China trade tensions affecting the market?

• Stabilizing global demand

• Decreasing global demand

• No impact on global demand

• Increasing global demand

What does the options market suggest about the future of crude prices?

• Further downside is possible

• Prices will rise

• Prices will stabilize

• Prices will remain unchanged

What is the current status of the demand for protection against crude price falls?

• Unchanged since December

• At its highest since December

• At its lowest since December

• Fluctuating since December

What is the main concern regarding OPEC's upcoming decision on production cuts?

• The effect on US-China trade

• The impact on global supply

• The timing of the decision

• The cohesion within OPEC