Citigroup's Ed Morse Sees $90 Ceiling for Crude

The video discusses the oil price band ranging from $60 to $100 per barrel, with a soft put around $70 due to OPEC's actions, US strategic stockpile plans, and China's inventory strategies. It highlights the impact of hurricanes as wild cards affecting oil prices, particularly in the US Gulf Coast, a major contributor to global oil and gas exports. The potential for flooding to disrupt exports is also noted, with a ceiling price of $90 suggested in the absence of such disruptions.

What are the potential wild cards that could affect the oil market?

What is the significance of the US Gulf Coast in the global fossil fuel market?