Hurricane Matthew Spells Trouble for Oil Rigs

The video discusses Hurricane Matthew's projected path and its potential impact on oil tankers and storage units along the East Coast and the Bahamas. It highlights the influence of the hurricane on crude oil prices, with insights from Ben Lichtenstein on trading strategies. The video also covers the unpredictability of weekly oil inventory numbers and their effect on market reactions, emphasizing the importance of upcoming EIA reports and key price levels for crude oil.

What is the significance of the EIA petroleum status report mentioned in the discussion?

What key levels of crude oil are being focused on, as stated in the text?