Oil Seen at $70 to $80 Till Year-End, Fat Prophets' Lennox Says

The video discusses the current state of the oil market, highlighting the pressure on oil prices due to various factors such as OPEC's production decisions, global disruptions in countries like Venezuela, Iran, and Libya, and the impact of US oil production. It also examines the price spread between WTI and Brent crude, noting the potential for this spread to widen unless OPEC intervenes with additional production. The forecast for the end of the year suggests that WTI and Brent prices will remain within specific ranges, with no major rallies expected.

What was one of the reasons for the positive reaction in oil prices mentioned in the first section?

• Increased production in the US

• Clarification of Donald Trump's tweet

• Decrease in global demand

• New oil reserves discovered

Which countries were mentioned as having production disruptions affecting oil prices?

• China, India, and Brazil

• Norway, Mexico, and Nigeria

• Venezuela, Iran, and Libya

• Saudi Arabia, Russia, and Canada

What is one reason for the widening spread between WTI and Brent crude oil prices?

• US production levels

• Increased demand for Brent

• New environmental regulations

• OPEC's decision to cut production

What is the expected trading range for WTI by the end of 2018?

• $90 to $100

• $80 to $90

• $70 to $80

• $60 to $70

According to the forecast, what is the expected trading range for Brent oil prices for the rest of 2018?

• $60 to $70

• $84 to $94

• $70 to $80

• $74 to $84