Oil Trades Above $62 in New York

The video features Mark Keenan, a global commodity strategist, discussing the current state of the oil market. He highlights concerns about speculative net long positions and their impact on market stability. Despite a recent decrease in market length, positioning remains a key concern. The market's backwardated curve structure provides a positive roll yield, offering some comfort to long-only investors. Keenan emphasizes the need to monitor these factors as they influence market dynamics throughout the year.

Who is Mark Keenan and what is his role?

• An economist at the World Bank

• A financial analyst at a local bank

• A global commodity strategist at Société Générale

• A stock market trader

What was the fundamental price target for oil in January?

• $50.00

• $62.00

• $70.00

• $80.00

What analogy is used to describe market positioning?

• A two-legged chair

• A three-legged stool

• A four-wheeled cart

• A balancing scale

What is a backwardated curve structure?

• When long-term prices are higher than near-term prices

• When prices fluctuate randomly

• When near-term prices are at a premium to longer-term prices

• When prices remain constant over time

What is a roll yield?

• A type of market risk

• A measure of market volatility

• A negative return on investment

• A positive yield earned by holding positions