Oil Watchers See $70 a Barrel in 2019 as Recession Fears Fade

The video discusses the oil market's outlook for 2019, highlighting analysts' predictions of a potential price rally to $70 per barrel. It examines the impact of oil prices on investments and consumer spending, and explores factors influencing oil prices, including supply, US production, and market dynamics. The video also covers the global oil market, focusing on US production and its implications. Finally, it provides an overview of the broader commodity market, analyzing economic indicators and trends in metals like copper and aluminium.

What is the predicted average oil price for 2019 according to the survey of analysts?

• $70.00 a barrel

• $60.00 a barrel

• $50.00 a barrel

• $80.00 a barrel

Which factor is NOT mentioned as influencing oil prices?

• Hedge fund activities

• US shale production

• OPEC production cuts

• Weather conditions

What was the unexpected development in US oil production in 2018?

• A decrease in production

• Production constrained by pipelines

• Surge in production to over 12 million barrels a day

• US becoming a net importer of oil

Which country is likely to benefit from lower oil prices?

• Russia

• Saudi Arabia

• China

• United States

What is the significance of the Bloomberg Commodity Index's performance in the context of economic growth?

• It indicates a booming economy

• It shows a decline in economic growth outlook

• It reflects a rise in commodity prices

• It suggests stable economic conditions