Oil Market Adjusts to Slower Global Demand

The video discusses the current state of oil demand and prices, focusing on the impact of demand fears and stock levels in the United States. It highlights China's reduced demand and refinery capping, which could affect global oil dynamics. The video also analyzes the trading range for oil prices, considering market trends and probabilities.

What is the current state of oil stocks in the United States compared to the five-year average?

• No data available

• Above the five-year average

• Equal to the five-year average

• Below the five-year average

What recent change has been observed in China's oil demand?

• No change in demand

• Increase in demand

• Drop in demand

• Demand has stabilized

What action is a large state oil company in China planning to take?

• Increase refining

• Maintain current refining levels

• Cut refining

• Export more oil

What is the predicted trading range for oil prices going into mid-August?

• Around 30

• Around 40

• Around 50

• Around 60

What is the probability of oil prices reaching the 45 level?

• 40%

• 25%

• 10%

• 60%