Oil's Momentum Targets $60 Crude: Alan Knuckman

The video discusses the significance of recent crude oil trading patterns, highlighting the impact of the OPEC agreement and the strong momentum in the market despite high dollar values. It analyzes resistance levels at $60 and $62, noting the challenges faced by short sellers. The discussion also covers market fundamentals, supplier and demand issues, and the importance of global PMI data. The video concludes with a focus on the implementation of OPEC agreements and the potential for continued market growth.

How does the speaker view the significance of the OPEC agreement on crude oil prices?

What is the speaker's perspective on the current momentum in the oil market?

What factors contributed to the increase in crude oil prices since the January lows?

How does the speaker interpret the recent PMI data in relation to the oil market?

What challenges does the speaker mention regarding OPEC's ability to implement their plans?