Brent Could Touch $100, But Big Move Up Has Happened: Sen

The video discusses the stability of Brent crude prices, noting that while volatility is expected, a significant price increase has already occurred. The economic slowdown hasn't diminished demand, and Saudi Arabia is managing supply to maintain inventory levels. Demand elasticity is low, with no significant change expected until prices reach $120. Diesel and gasoline cracks have moved oppositely to crude prices, affecting what consumers pay at the pump. Redistribution of prices is occurring, but demand remains unaffected below $120.

What is the speaker's view on the stability of Brent oil prices moving from $90 to $100?

• The prices will drop back to $75.

• The prices are expected to be highly volatile.

• The prices are mostly stable with some volatility.

• The prices will definitely reach $100 soon.

What is the speaker's expectation for Brent oil prices to average above $100?

• It is expected to happen soon.

• It will happen only with significant disruptions.

• It is not expected to happen at all.

• It will happen regardless of disruptions.

How does the speaker describe the current demand for oil despite economic slowdowns?

• Demand is unpredictable.

• Demand remains very strong.

• Demand is stable but weak.

• Demand is decreasing rapidly.

At what price point does the speaker believe demand elasticity becomes evident?

• $90

• $130

• $100

• $120

What has been the trend in diesel and gasoline cracks compared to crude prices?

• They have increased along with crude prices.

• They have fluctuated unpredictably.

• They have decreased while crude prices increased.

• They have remained constant.