Oil Analyst Deming Sees Need for Demand to Push Prices Higher

Dan Deming from KKM Financial discusses the current state of oil prices, noting a potential slowdown in their rise. He highlights the significant demand expected moving forward, influenced by China's economic growth and ongoing US-China negotiations. The discussion also touches on the potential impact of a US-China trade deal on agricultural markets, with a focus on soybeans and corn, and the complexities that may arise over time.

What is one of the main factors currently influencing the trend in oil prices?

• Reduction in oil supply

• Growth in Chinese markets

• Stability in US-China relations

• Decrease in global demand

What is a potential outcome if oil prices remain high?

• A reduction in global economic growth

• An increase in oil supply

• A stabilization of oil prices

• A decrease in oil demand

What is the significance of the hundred-day moving average in the context of oil prices?

• It predicts future oil supply levels.

• It shows the average price over the last year.

• It marks a critical point for potential price increases.

• It indicates a long-term decline in prices.

How might a US-China trade deal impact the agricultural market?

• It would stabilize global agricultural prices.

• It might result in increased Chinese purchases of US agricultural products.

• It could reduce the demand for soybeans and corn.

• It could lead to a decrease in US agricultural exports.

What is a possible long-term effect of the US-China trade negotiations on the agricultural market?

• Long-term market dynamics adjustments

• Immediate stabilization of prices

• Short-term price volatility

• Permanent increase in corn prices