IEA Sees Suppliers Putting a $60 Floor Under Oil

The video discusses the current state of the oil market, highlighting data from Genscape about a decrease in Cushing inventories and the trading prices of Brent and WTI. It explores the impact of the OPEC+ agreement on oil prices, suggesting a price floor at $60 per barrel. The discussion shifts to the volatility and futures market, analyzing the VIX and market trends. The video concludes with insights into market signals and potential trends, emphasizing the importance of respecting trendlines and market lows.

What does the IEA say about the OPEC plus agreement and its effect on oil prices?

What factors are mentioned as potentially affecting oil supply?

How does the current futures market structure differ from typical expectations?

What is the significance of the VIX in the current market context according to the discussion?

What does the speaker suggest about the market's outlook on a potential sell-off?