Oil Has Turned to 'Sell First' Over Buy the Dip, Bauer Says

Oil Has Turned to 'Sell First' Over Buy the Dip, Bauer Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current state of the futures market, focusing on oil prices affected by the US-China trade dispute. Scott Bauer from Prosper Trading Academy provides insights into market positioning, highlighting a trend towards selling rather than buying. The discussion also covers the uncertainty surrounding proposed oil production cuts, with skepticism about the commitment of countries like Russia and Saudi Arabia to maintain these cuts.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What uncertainty is highlighted regarding the proposed deal mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential actions of Russia and Saudi Arabia are discussed in relation to the oil cuts?

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