BofAML's Blanch Sees Two 'Gigantic Risks' for Oil

The video discusses the current state of the oil market, highlighting the influence of hedge funds, geopolitical tensions, and economic factors on oil prices. It examines the dual risks of the US-China trade war and potential conflict with Iran, as well as the impact of OPEC's production decisions and the Federal Reserve's monetary policy. The upcoming OPEC meeting is expected to focus on compliance with production cuts, with no major changes anticipated. Overall, the market is navigating between stabilizing forces and significant risks, with prices expected to remain around $60 per barrel.

What is the expected outcome of the OPEC meeting according to the speaker?

How has the demand picture globally affected Brent oil prices this year?