Oil Bulls Look to Trump to Spur Market Higher

The video discusses the current state of the oil and natural gas markets, focusing on recent trends and the impact of OPEC compliance on oil prices. Joe Kusik from the QC Group provides insights into how compliance levels are affecting the market, noting that despite mid-80s compliance, oil prices have remained stable. The discussion also explores potential catalysts for market movement, including possible announcements from the president on trade, tax reform, and infrastructure spending, which could influence market dynamics.

What recent trend in oil prices is discussed in the introduction?

• A complete market crash

• A significant drop in prices

• A bounce in prices within a trading range

• A steady increase in prices

What was the compliance level of OPEC and non-OPEC nations regarding production cuts?

• Exactly 100%

• Below 70%

• In the mid 80s

• Above 90%

How did the market react to the OPEC compliance numbers?

• The market surged

• The market crashed

• The market was highly volatile

• The market remained stable

What political factors are mentioned as potential catalysts for market movement?

• Environmental policies

• Healthcare reforms

• Trade, tax reform, and infrastructure spending

• Education policies

What could be a catalyst for the Bulls in the oil market?

• A decrease in global demand

• A trillion dollar infrastructure spend

• A rise in interest rates

• A new environmental regulation