Analyst Colvin Says Dollar Is Trading on U.S. Tax Reform

The video discusses the current state of oil prices, influenced by US crude inventory data and political news from the Middle East and South America. It highlights the potential for oil prices to remain elevated if supply decreases and demand increases. The discussion also covers the weakening dollar and its impact on commodities, noting a shift in correlation due to US tax reform. The importance of Washington DC's actions on tax reform is emphasized, as it could significantly affect the dollar and related markets.

What is the current price of oil mentioned in the video?

• Above $60 a barrel

• Below $57 a barrel

• Exactly $50 a barrel

• Around $70 a barrel

Which regions' political news are affecting oil prices according to the video?

• Europe and Asia

• Middle East and South America

• North America and Antarctica

• Africa and Australia

What is the key factor in keeping oil prices elevated?

• Supply reduction and demand increase

• Decreased demand

• Increased supply

• Stable political environment

How have dollar-based commodities been trading recently?

• Not trading at all

• Independently of the dollar

• In direct correlation with the dollar

• Inversely to the dollar

What could be the consequence if US tax reform is not implemented?

• Increase in oil prices

• Catastrophic impact on the dollar and related markets

• Strengthening of the dollar

• Stability in the stock market