Silver to Outperform Gold Over Medium Term, SocGen's Keenan Says

The video discusses potential scenarios for oil prices, focusing on speculative market dynamics and geopolitical factors like Iranian sanctions and Venezuelan declines. It analyzes the WTI and Brent price spread, suggesting trading strategies based on pipeline issues. The video also compares silver and gold as investment options, highlighting silver's industrial use and potential to outperform gold due to market conditions.

What is the base case oil price for Q4 of this year according to the analysis?

• $85

• $78

• $100

• $90

What is the historical fastest time for speculators to add 150,000 barrels of oil?

• 25 weeks

• 10 weeks

• 17 weeks

• 30 weeks

Which factor is NOT mentioned as a potential cause for oil prices to rise above $90?

• Unexpected supply outages

• Higher demand for shale oil

• Increased production from OPEC

• Increased compliance with sanctions

What is the main issue affecting the US shale industry currently?

• Lack of demand

• Pipeline capacity

• High production costs

• Environmental regulations

What is the expected convergence point for the WTI to Brent price spread?

• $11

• $25

• $9

• $5

What is the current discount of WTI to Brent as mentioned in the analysis?

• $5

• $9

• $11

• $25

What is the main reason for recommending silver over gold?

• Silver is a precious metal

• Silver has industrial uses

• Gold has a higher price

• Gold is more volatile