Can OPEC Put an End to Oil Sideways Price Trend?

Can OPEC Put an End to Oil Sideways Price Trend?

Assessment

Interactive Video

Business

University

Hard

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Oliver Sloop discusses the current market trends, highlighting a sideways movement in the February contract. He explains the potential impact of OPEC's production cuts and the likelihood of a breakout if these cuts are implemented. The discussion also covers the downside potential due to hedging at higher prices and the need for increased demand to counteract supply pressure. Additionally, the potential effects of Black Swan events and increased volatility in the commodity market are explored, considering the new administration's policies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker mean by 'the cartel that cried wolf'?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential impact does the speaker foresee from protectionism on the commodity market?

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