Speculators More Bullish on Oil

The video discusses the impact of a recent OPEC announcement in Algiers on oil market positions, noting a significant decrease in short positions and a slight increase in long positions. It highlights the market's focus on production data from countries like Russia, Iraq, and Libya ahead of the upcoming OPEC meeting in Vienna. Analysts are also examining historical OPEC production cuts to understand potential outcomes, with a specific look at the 1980s cuts, which did not fully recover oil prices. The video emphasizes the importance of these factors in shaping market expectations and strategies.

What was the percentage decrease in short positions in WTI futures and options over the past three weeks?

• 50%

• 15%

• 28%

• 35%

Which country recently confirmed a post-Soviet record in oil production?

• Iraq

• Libya

• Russia

• Saudi Arabia

What is the expected increase in Libya's oil production by the end of the year?

• 1,000,000 barrels a day

• 900,000 barrels a day

• 800,000 barrels a day

• 700,000 barrels a day

Which decade's OPEC production cut is being used as a parallel for current analysis?

• 1970s

• 2000s

• 1990s

• 1980s

According to historical analysis, what percentage of the oil price drop was recovered after the 1980s OPEC production cut?

• 85%

• 75%

• 65%

• 50%