Oil Bottoms Out in Second Quarter of 2015: Parker

The video discusses the current trends in oil prices, predicting a bottom in the second quarter of next year. It suggests investing in oil services and refiners due to their low valuations and potential for earnings revisions. The speaker emphasizes a long-term investment strategy over short-term trading. Additionally, the video covers the broader economic expansion in the US, suggesting it may continue until 2020, and highlights the importance of monitoring economic factors and credit cycles.

How do refiners benefit from the current trends in oil prices according to the discussion?

What are the three factors monitored to assess the economic cycle as mentioned in the conversation?