Barclays' Cohen: Oil Will Average $57 in 2017

The video discusses the impact of OPEC compliance and inventory levels on oil prices. It highlights the significance of inventory changes and market signals, predicting that oil prices will average $57 for Brent in 2017. The video also covers the economic impact of retail price changes, particularly in gasoline and heating oil, and discusses Saudi Arabia's strategy to adjust fuel prices as part of broader economic reforms and Vision 2030.

Discuss the relationship between crude oil supply levels and refinery runs in the context of the first half of the year.

In what ways do seasonal changes, such as a colder winter, impact oil demand and prices?