Analyst Sen Says Oil Prices to Be Range-Bound

The video discusses the current state of the oil market, focusing on the lack of direct geopolitical threats and the falling demand, which makes it difficult for oil prices to rally. It highlights increased activity in the options market and the deteriorating macroeconomic picture, particularly in Europe and the US. The video concludes that oil prices are likely to remain stable due to these factors.

In what way have European and US demand numbers impacted the oil market?

What is meant by 'geopolitical premium' in the context of oil pricing?