Oil's Downward Correction Possible, Emirates NBD's Bell Says

The video discusses recent trends in oil prices, highlighting a rise above $71 per barrel due to geopolitical tensions in the Middle East. Despite the emotional market response, no physical supply disruptions are evident. The discussion covers potential impacts on energy costs and OPEC's production decisions. The video also explores future market catalysts, such as the US-China trade deal and non-OPEC supply increases, which could influence oil demand and prices in 2020.

What factors are contributing to the recent rise in oil prices?

How might geopolitical risks affect the oil market according to the text?

What is the significance of the price level of $70.00 a barrel for oil importers?

What role does the US-China trade deal play in the oil market outlook?

What are the expected trends in oil demand for 2020 as mentioned in the text?