Oil Is Oversupplied, Set to Fall to $65 in Next Two Months, BofA's Blanch Says

The video discusses recent trends in the oil market, highlighting factors like OPEC's supply cuts, Brazil's underperformance, and a market surplus. It predicts a decline in oil prices due to surplus and macroeconomic uncertainties. The impact of rising global gas prices and upcoming refinery maintenance is also covered. Additionally, the video addresses uncertainties in global markets due to potential changes in US administration policies, including tax changes and interest rate fluctuations.

How has the performance of Brazil affected the oil supply this year?

What factors are contributing to the current oil market surplus?

What is the expected impact of refinery maintenance on oil prices?

Discuss the implications of the new administration in the US on global markets.

What uncertainties are influencing the macro outlook in the coming months?