Crude Oil Gets Left Behind From Risk Off Rally

The video discusses the current state of the crude oil market, highlighting its data dependency and equilibrium status. It reviews the historical oversupply from 2015 and current supply disruptions in countries like Nigeria and Venezuela. The speaker predicts price movements, suggesting a short-term drop to $46 and a potential rise to $55, considering global demand trends and CapEx reductions. The future outlook includes possible supply disruptions and their impact on market positions.

What was the estimated oversupply of crude oil in 2015?

• 1.5 million barrels a day

• 700,000 barrels a day

• 2.1 million barrels a day

• 3.0 million barrels a day

Which country is NOT mentioned as having supply disruptions affecting crude oil prices?

• Iran

• Venezuela

• Nigeria

• Saudi Arabia

What is the expected short-term price for crude oil according to the discussion?

• $46

• $48

• $50

• $55

What is a major factor preventing a quick increase in crude oil supply?

• Lack of demand

• Infrastructure constraints

• Government regulations

• High production costs

At what price are people expected to start taking short positions in crude oil?

• $55

• $46

• $48

• $54.90