Commodity Prices Could Pick Up if PMI Picks Up, Says Prestige Economics’s Schenker

The video discusses the potential peak in oil demand and its implications for the market, considering demographic changes and production costs. It also examines the impact of trade wars on commodity prices, highlighting recent trends in the S&P 500 and NASDAQ. Additionally, the video explores the effects of economic stimulus measures and manufacturing trends in China on global commodity markets, with a focus on aluminum prices.

What is one of the key factors driving future oil demand according to the discussion?

• Reduction in oil production costs

• Growth in GDP of China and India

• Increase in renewable energy sources

• Decrease in global population

How does Saudi Arabia's oil production cost compare to other methods?

• Higher than oil sands

• Lower than ultra deepwater

• Higher than renewable energy

• Equal to shale oil

What recent economic event has contributed to record highs in the S&P 500 and NASDAQ?

• A mini trade deal

• A major trade deal

• A decrease in oil prices

• An increase in interest rates

What is one of the factors supporting commodity prices according to the discussion?

• Increase in oil production

• Decrease in Chinese manufacturing

• Increase in Fed's balance sheet

• Reduction in global trade

What economic indicator is used to predict the global economy's direction?

• Oil prices

• Aluminum prices

• Gold prices

• Copper prices