Evercore Sees Oil Inventory Drop Next 4-7 Quarters

The video discusses the current state of the oil market, focusing on price trends, the impact of Brexit, and the strength of the dollar. It analyzes US rig data, production trends, and the role of drilled but uncompleted wells. The discussion also covers the relationship between the dollar and oil prices, inventory changes, and the outlook for oil services companies. The video concludes with insights into future market expectations and the challenges faced by big oil companies.

Discuss the implications of dollar strength on oil prices as mentioned in the text.

What are the expected trends for oil prices and production in the coming quarters?