IEA Sees Suppliers Putting a $60 Floor Under Oil

The video discusses the current state of the oil market, highlighting data from Genscape about a decrease in Cushing inventories and the trading prices of Brent and WTI. It explores the impact of the OPEC+ agreement on oil prices, suggesting a price floor at $60 per barrel. The discussion shifts to the volatility and futures market, analyzing the VIX and market trends. The video concludes with insights into market signals and potential trends, emphasizing the importance of respecting trendlines and market lows.

What was the reported change in oil inventories in Cushing last week?

• Decreased by 1 million barrels

• Increased by 800,000 barrels

• Decreased by 800,000 barrels

• Increased by 1 million barrels

What is the significance of the $8 spread between WTI and Brent crude?

• It reflects a stable market

• It shows equal pricing

• It suggests a high price difference

• It indicates a low price difference

How is the current futures market curve described?

• Lower and flatter

• Higher and flatter

• Higher and steeper

• Lower and steeper

What unusual behavior is observed in the put premiums?

• They are at a two-year high

• They are at a two-year low

• They have remained unchanged

• They have increased significantly

What might happen if the market trendline below 2600 is breached?

• A stabilization of prices

• A re-rating of volatility

• A potential market crash

• A significant market rally