Oil Will Trend Lower Until Bottoming in First Quarter of 2020, Commonwealth's Dhar Says

Oil Will Trend Lower Until Bottoming in First Quarter of 2020, Commonwealth's Dhar Says

Assessment

Interactive Video

Business, Architecture, Engineering

University

Hard

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The video discusses the expected trends in oil prices, forecasting a bottom for Brent at $57 per barrel in the first quarter of next year before a recovery. Key factors affecting this include rising non-OPEC supply, demand concerns, and potential recovery of Iran's oil exports. The video also explores OPEC's strategic decisions, considering factors like US-Iran relations and the US-China trade war. It concludes with market projections indicating a potential oversupply in the first half of next year, suggesting that OPEC may need to act in December.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the US-China trade situation impacted oil demand projections?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the anticipated pressure on oil prices in the first half of next year?

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