Oil Rises Most Since May: Is the Rally Sustainable?

The video discusses the shift in market focus from crude oil to gasoline due to changing demand and supply dynamics. It highlights the impact of short positions on the recent price rally and examines Iran's output levels and the potential for an output cap. The discussion also covers US production trends, rig activity, and the constraints affecting future production growth, such as oilfield services and EMP budgets.

What factors have contributed to the shift in focus from crude oil stocks to gasoline?

How have refiners responded to the changes in gasoline margins?

What implications do short positions have on the price rally observed in the market?

Discuss the potential impact of US production levels on future oil prices.

What are the constraints that may affect oil production growth in 2017?