Markets are Trading Oil on Fear: Bauer

The video discusses the current state of oil futures, which are at a five-year low due to OPEC's decision to maintain output and a Saudi market share grab. Greg Bender analyzes the bearish trend and the role of speculators versus long-term investors. Scott Bauer provides short-term trading strategies, suggesting buying at $63.75 and selling at $65.90, and a long-term view to enter the market when oil hits $60 per barrel.

What factors have contributed to the recent plunge in oil prices?

What is the significance of the OPEC decision mentioned in the text?

How have banks responded to the growing supply glut in the oil market?

What trading strategy does Scott Bauer suggest for oil in the short term?

At what price does Scott Bauer believe he would enter the oil market for a longer-term investment?