Oil Traders Bet on Lower Prices

The video discusses Saudi Arabia's recent unilateral oil output cuts and the market's underwhelming reaction. Key factors influencing oil prices include China's anticipated economic rebound, Russia's resilient oil exports despite sanctions, and global demand concerns. The video also explores future market dynamics, with a focus on China's role and price predictions by Goldman Sachs.

What is the current outlook for China's demand in the oil market?

What did Goldman predict for Brent oil prices by the end of the year?