Gas, Oil Supplies Insulate Market From Polar Vortex

The video discusses the impact of weather on energy prices, focusing on natural gas, heating oil, and crude oil markets. Phil Streible from CME provides insights into market trends, highlighting ample supplies and normalized demand for natural gas and heating oil. The crude oil market is expected to rise due to supply issues from Venezuela and economic factors like the Federal Reserve's rate decisions. The video also covers the market's reaction to economic reports, noting the influence of job data and Fed policies on market movements.

What was the main reason for the lack of a price spike in natural gas and heating oil during the Arctic blast?

• Reduced consumption

• Increased production levels

• Ample supply and normalized demand

• Government intervention

What factor is expected to drive crude oil prices higher?

• Lower transportation costs

• Increased oil production

• Warmer temperatures and more driving

• Decreased global demand

What is causing a supply issue in the U.S. oil market?

• Increased domestic production

• Imports from Venezuela being cut off

• Higher export rates

• Decreased global oil prices

How did the market react to the economic report discussed in the final section?

• The dollar index rose sharply

• The Federal Reserve immediately raised rates

• The bond market saw significant movement

• There was little movement in the bond market

What is the expectation for job numbers in the next economic meeting?

• They will be disregarded

• They will be revised higher

• They will be revised lower

• They will remain the same