Oil Market Rides Trump Tweets, OPEC Output to Mixed Results

The video discusses recent trends in the equity and oil markets, highlighting a sell-off in both sectors. Despite OPEC's announcement to tighten oil supplies, the market experienced a surprising pullback. The week has been volatile, influenced by factors like Trump's tweets and unexpected US oil supplies. The options market predicts a $2 movement in the next 19 days, with a call skew favoring calls over puts, though this may flatten after the recent sell-off.

How did the oil market react to the OPEC announcement mentioned in the text?

What recent event caused volatility in the oil market according to the text?

What factors contributed to the sell-off in the oil market earlier in the week?

What was the expected movement in the oil market going into the weekend?

What does the call skew indicate about market expectations following the recent sell-off?