Citi's Morse Says Brent Will Continue 'Downward Drift' to Mid $80s

The video discusses the current global demand dynamics, highlighting the lack of demand growth in Europe and worldwide due to high prices and a strong dollar. It examines the impact of COVID-19 on jet fuel demand, particularly in China, and forecasts a potential increase in demand if international travel resumes. The video also provides projections for oil prices, expecting them to drift downward into 2023.

How do European economic conditions compare to those in the US according to the video?

• They are better than in the US.

• They are worse than in the US.

• They are the same as in the US.

• They are improving faster than in the US.

What is one major factor deterring people from using cars as much as before?

• Increased work-from-home policies

• Lack of new car models

• Improved public transportation

• High gasoline prices

What is expected to happen to jet fuel demand if COVID is resolved in Asia?

• It will decrease significantly.

• It will remain the same.

• It will increase significantly.

• It will fluctuate unpredictably.

Which transportation fuels are expected to remain weak in demand?

• Jet fuel and gasoline

• All transportation fuels

• Gasoline and diesel

• Jet fuel and diesel

What is the predicted trend for oil prices in the coming months?

• They will rise sharply.

• They will remain stable.

• They will drift downward.

• They will fluctuate wildly.