Oil Selloff Still Has a 'Little Bit to Go,' Analyst Sen Says

The video discusses misconceptions about the 2022 oil market, focusing on inventory levels and the impact of the Delta variant on oil demand in China and the US. It explores the concept of backwardation and its influence on market sentiment, as well as the role of the strengthening dollar in pricing dynamics. Key data points such as stock draws and refining margins are highlighted as crucial for market confidence.

How do localized lockdowns in China affect global oil demand?

What are the implications of a strengthening dollar on the oil market?

What key indicators should be monitored to assess the oil market's recovery?