Oil Resumes Slide on U.S. Stockpiles

The video discusses the slight increase in US oil production since 2016 and its impact on market prices. It examines the OPEC agreement's role in stabilizing prices and the potential need for its renewal. A chart is used to analyze US inventories and OPEC production, highlighting how US production offsets OPEC efforts. The video also projects future oil prices, noting short-term volatility and the influence of emerging economies on long-term demand.

What role do emerging economies play in the future demand for oil?

What are the projected oil price ranges for Brent and WTI in 2017 according to the text?