Oil's Slide Deepens as Demand Destruction Fears Build

The video discusses the potential impact of US tariffs on Chinese goods, crude stock builds, and import trends on the market. It also explores Russia's energy strategy and the technical analysis of crude oil prices, focusing on moving averages and price targets.

What is the potential impact on the market if the US imposes additional tariffs on Chinese goods?

• Decrease in crude oil imports

• Market uncertainty and potential price decline

• Market stability

• Increased demand for crude oil

What is one of the reasons for the expected weekly build in crude stocks?

• Higher crude oil prices

• Increased refinery activity

• Decrease in imports

• Lower refinery activity

What is causing additional pressure on crude oil prices according to the second section?

• Stability in Russian energy prices

• Reduction in global demand

• Increase in Canadian rail exports

• Decrease in US imports

What technical indicator is mentioned as a significant target for crude oil prices?

• 300-day moving average

• 100-day moving average

• 200-day moving average

• 50-day moving average

What are the potential upside targets for crude oil prices if a bounce occurs?

• $60 and $62

• $68 and $70.50

• $80 and $85

• $72 and $75