Oil Needs Price Above $60 to Bring in Speculators, Iaccino Says

The video discusses the current state of the oil market, highlighting a strong bid in oil prices driven by fundamental factors rather than speculators. It explores the potential impact of global demand weakness and trade tensions, particularly between the US and China, on oil prices. The discussion also covers the bond market, noting strong demand for government bonds and the implications of negative yields in Germany and the US. The video concludes with insights into how trade tensions might affect economic recovery timelines.

What are the potential consequences of a global recession on oil prices?

What role does the bond market play in predicting global demand?