Oil's Next Key Resistance Level Seen at $89, Credit Suisse Says

The video discusses the impact of Iran's oil supply and political factors on global oil prices. It highlights OPEC's cautious approach to managing oil supply to avoid surplus and examines future oil price trends, suggesting a bearish outlook. The discussion also covers the effects of oil prices on emerging markets, particularly Egypt, and the potential currency devaluation challenges they face.

What are the two main factors affecting the Brent oil price according to the discussion?

• Iran's supply outage and political rhetoric

• Technological advancements and renewable energy sources

• OPEC's increased production and market stability

• US economic policies and global demand

What is the expected trend for oil prices going into 2019?

• Prices are expected to fluctuate wildly

• Prices are expected to decrease

• Prices are expected to remain stable

• Prices are expected to rise significantly

What is the technical resistance level mentioned for oil prices?

• $84

• $70

• $95

• $89

What is the main concern for Egypt regarding its currency?

• Inflation due to high oil prices

• Rising interest rates

• Increased foreign investment

• Currency stability amidst devaluation pressures

What could be a consequence of a small devaluation of the Egyptian pound?

• Increased foreign investment

• A speculative attack on the currency

• Improved trade balance

• Strengthening of the currency