Crude Slides on U.S. Oil Supply Predictions

The video discusses the oil market dynamics for 2017, focusing on the impact of OPEC decisions and US shale responses. It predicts a potential rise in oil prices in the first half of the year due to OPEC cuts and the Trump administration's influence, followed by a possible decline. The video also covers recent mergers in the Permian Basin, the impact of service cost inflation, and the factors contributing to market volatility, including currency movements and a strong dollar.

What is the predicted volatility in the oil market over the short term?

How does the speaker describe the difficulty of predicting oil prices compared to currency movements?