Oil to Hit $80 in Q3, Goldman's Currie Predicts

The video discusses the market's reaction to a recent announcement, highlighting the consensus view on demand and supply factors. It examines the demand side, noting strong numbers in the US and the impact of manufacturing and growth in the West. The supply side is analyzed with a focus on OPEC's role and the inelastic nature of supply. Price projections are made, with expectations of $80 per barrel, and the lack of investment in supply is highlighted as a significant issue.

What is the consensus view regarding the market's response to the announcement mentioned in the text?

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How does the demand side of the market appear according to the speaker?

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What challenges does OPEC face regarding supply and production quotas?

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What are the implications of the inelastic supply mentioned in the text?

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What factors contribute to the lack of investment in supply across various commodities?

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