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

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.

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

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