U.S. Oil Falls Into Bull Market on Record Production

The video discusses the current bear market and its potential trajectory, focusing on key market levels like $60 and $58. Scott DCAS from Longleaf Trading provides insights on the impact of supply increases and potential OPEC actions. The discussion highlights the dynamic between OPEC's influence and US production, emphasizing the market's volatility and uncertainty. The video concludes with a short-term outlook on market trends.

What is the potential outcome if the $58 level is broken?

What is the current production status of the US in relation to the oil market?