Brexit Positivity Fuels Oil's Gains From One-Month Low

The video discusses the current trends in the oil market, focusing on the impact of Brexit. Scott Bauer explains that oil prices are currently influenced by Brexit rather than fundamentals. He suggests that if Brexit occurs, it could create investment opportunities as oil prices may dip, providing a chance to buy. Bauer predicts that if Brexit does not happen, oil prices could rise significantly. The discussion also covers the balance between supply and demand, which is stabilizing, leading to high demand predictions for the upcoming quarters.

According to Scott Bauer, what is the current state of supply and demand in the oil market?

What does Scott Bauer predict about oil demand in the upcoming quarters?