Oil Jumps as OPEC+ Signals Cut Extension

The video discusses the recent OPEC decision to extend oil production cuts for nine months and its impact on oil prices, which have been volatile. The discussion includes the influence of an EU-Iran exchange and the role of Russia in the OPEC meeting. The video also explores how crude oil prices are affected by global economic conditions, including accommodative central banks and potential demand, despite global economic slowing.

What does the bond market indicate about the economic outlook?

How is crude oil currently performing in relation to its recent lows?