Brent Oil May Rise to $82 in Fourth Quarter, SocGen's Keenan Says

The video discusses the impact of Iranian sanctions on oil prices, highlighting market concerns and opportunities. It explores trade strategies involving WTI and Brent, focusing on the widening spread due to US inventory issues. The discussion includes OPEC's production increase and its implications for future oil prices, emphasizing the role of spare capacity and potential market drivers.

What was a major concern for the oil market regarding Iranian sanctions?

• The increase in US oil production

• The imposition of short-term waivers

• OPEC's ability to compensate for the shortfall

• The rise in oil prices to $90

Why has the spread between WTI and Brent widened significantly?

• Because of US oil inventory issues

• OPEC's decision to cut production

• The rise in global oil prices

• Due to increased demand for Brent

What is expected to happen to the WTI-Brent spread as new pipelines are completed?

• It will tighten

• It will remain the same

• It will become unpredictable

• It will widen further

What has OPEC done in response to the current oil market conditions?

• Increased oil output by 430,000 barrels a day

• Maintained current production levels

• Stopped oil production entirely

• Decreased oil production

What is one of the most powerful drivers of oil prices according to the discussion?

• Pipeline bottlenecks

• Short-term waivers

• Spare capacity

• Ongoing stable demand