Oil Demand to Return to Pre-Covid Levels by 1Q: UBS's Gordon

The video discusses the current state of the US dollar, predicting its stability through the end of the year and potential strengthening in 2022 due to rising real yields and fiscal stimulus. It examines the impact of tapering on emerging markets and nominal yields, noting the Fed's likely stance on inflation. The video also explores the commodities market, particularly oil, highlighting supply constraints and expected demand recovery to pre-pandemic levels by early next year.

What is the expected trend for the US dollar by mid-next year?

• It will weaken significantly.

• It will collapse.

• It will remain steady.

• It will strengthen slightly.

How does the Fed's approach to inflation affect emerging markets?

• It stabilizes their currencies.

• It creates challenges for those with current account deficits.

• It has no impact.

• It boosts their economic growth.

What is a significant factor driving oil prices higher?

• A decrease in global oil demand.

• Demand and supply dynamics.

• OPEC's inability to reach any agreement.

• Increased shale production in the US.

What is the expected oil price by the first quarter of next year?

• $70 a barrel

• $80 a barrel

• $90 a barrel

• $60 a barrel

What is the impact of constrained supply on metals?

• It contributes to higher prices.

• It has no effect on prices.

• It leads to a decrease in prices.

• It causes prices to stabilize.