Tom Petrie: Oil Correction Has Run Its Course

The video discusses the current state of the oil market, highlighting a normal correction phase and the impact of informal OPEC talks. It examines the increase in bearish bets by money managers and their potential to trigger a market rebound. The video also covers expectations from an informal OPEC meeting, the sustainability of increased rig activity, and the effects of refinery maintenance on demand.

What is the current state of oil rigs and their impact on supply?

How does the refinery maintenance period influence oil demand?