Deep Dive: Oil Markets, U.S. Home Prices

The video discusses the impact of a storm on electricity prices in NYC, highlighting the sensitivity of traded electricity to weather conditions. It then shifts to the crude oil market, examining the stability and pressures faced by upstream and downstream companies due to supply issues. Finally, it covers the housing market, noting strong sales but disappointing price increases, and questions the Fed's response to these trends.

What event caused electricity prices in New York City to spike dramatically?

• A snowstorm

• A rain bomb storm

• A heatwave

• A power outage

What is the main issue affecting the crude oil market as discussed in the video?

• High demand

• Low supply

• Stable prices

• Excess supply

Which company reported a significant drop in earnings due to the oil market conditions?

• Shell

• Chevron

• ExxonMobil

• BP

What was the expected increase in home prices according to the Case-Shiller index?

• 5.2%

• 5.5%

• 6.0%

• 5.8%

What is the Federal Reserve's stance on the housing market?

• It is a concern

• It is stable

• It is declining

• It is a bright spot