Harvey Sends Gas Prices to Highest Level in Two Years

The video discusses the potential impact of a storm on the US oil and gas infrastructure, focusing on price changes and the spread between Brent and WTI. It also examines the effects of Hurricane Harvey on the Treasury market, considering the financial implications for insurers and the movement of Treasury yields.

What is the primary concern regarding the storm's impact on the US oil and gas infrastructure?

• The potential increase in oil production

• The rise in renewable energy sources

• The possible underestimation of its impact on prices

• The decrease in natural gas consumption

Why is it important to monitor the spread between Brent and T?

• It indicates the level of oil reserves

• It shows the fluctuation in natural gas prices

• It reflects changes in global oil demand

• It helps assess the impact on WTI prices

What could help push WTI prices back above $50?

• A rise in natural gas prices

• An increase in renewable energy usage

• A decrease in oil production

• Narrowing of the T and Brent spread

How might insurers respond financially to the impact of Hurricane Harvey?

• By investing in renewable energy

• By reducing their insurance premiums

• By increasing their oil reserves

• By selling some of their bond holdings

What was the movement of the benchmark 10-year Treasury yield following Hurricane Harvey?

• It increased by 5 basis points

• It increased by 10 basis points

• It remained unchanged

• It decreased by 3 basis points