Oil to Be Range Bound Near $60 a Barrel, Says CBA’s Haddad

The video discusses the impact of the September attacks on Saudi facilities on oil prices, suggesting that oil will remain around $60 per barrel unless global economic activity significantly increases. OPEC's production cuts support oil prices but are insufficient for a sustained upswing. The video also covers the 2020 outlook, highlighting loose monetary and fiscal policies, a bottoming out of manufacturing contraction, and reduced risks from US-China trade tensions and Brexit.

What is the expected price range for oil according to the discussion?

• $80.00 a barrel

• $60.00 a barrel

• $50.00 a barrel

• $70.00 a barrel

What factor is mentioned as supportive of crude oil prices?

• OPEC's production cuts

• Increased global demand

• New oil discoveries

• Technological advancements

What event helped to create a 'risk on' sentiment at the start of 2020?

• Japanese yen depreciation

• European Central Bank policy change

• China's triple R cut

• US interest rate hike

What is the outlook for global growth in 2020 according to the speaker?

• Pessimistic

• Neutral

• Uncertain

• Constructive

Which two geopolitical risks are mentioned as having diminished?

• Russian sanctions and South China Sea tensions

• Middle East conflict and European debt crisis

• Hard Brexit and US-China trade war

• US-China trade war and North Korea tensions