Oil Climbs Higher Amid U.S.-China Trade, OPEC Concerns

The video discusses the recent rise in WTI crude prices amidst a slowing global economy. It highlights the collapse of oil and stock markets in the fall and the subsequent recovery. The discussion covers supply management by the US and OPEC, emphasizing that future oil prices will depend more on demand, particularly influenced by US-China trade negotiations. The reliability of OPEC's supply cuts is questioned, with potential geopolitical impacts from countries like Nigeria and Venezuela. The video concludes with insights on trade negotiations affecting the dollar and market expectations.

What was the low price of West Texas Intermediate crude oil in December?

• $50

• $60

• $75

• $42

Which country is mentioned as having potential production problems due to a deferred election?

• Venezuela

• Nigeria

• Iran

• Saudi Arabia

What is the main factor affecting oil prices according to the discussion?

• OPEC's decisions

• Demand

• Supply

• US production

What is the prediction regarding the US-China trade negotiations?

• They will conclude successfully before March 1st

• There will be another extension

• They will fail

• They will not affect the markets

What is the bond market's expectation regarding global GDP growth?

• High growth

• Moderate growth

• No growth

• Below 3% growth