Oil Rises After Four-Day Loss

The video discusses the impact of Fed Chair Janet Yellen's dovish tone on the dollar and crude oil prices. Alan Milkman, a market strategist, analyzes the current market trends, highlighting the sideways trading of crude oil and the potential for price increases. The correlation between the dollar and S&P is explored, with emphasis on support levels and market strength. The discussion concludes with insights into investment strategies, focusing on capex and the shift towards shale oil production.

What effect did Janet Yellen's dovish tone have on the dollar and crude oil prices?

• Strengthened the dollar and lowered crude prices

• Had no effect on the dollar or crude prices

• Weakened the dollar and boosted crude prices

• Strengthened both the dollar and crude prices

What is the significance of the 36 level in crude oil prices?

• It is a resistance level

• It is a support level

• It is the average price

• It is the highest price recorded

How does the S&P 500 correlate with crude oil prices?

• They have a high positive correlation

• There is no correlation

• They move in opposite directions

• They have a high negative correlation

What trend is observed in the oil industry's capital expenditure?

• Increased spending on deepwater exploration

• Decreased spending on shale production

• Increased investment in renewable energy

• Shift towards more cost-effective shale production

What is the current trend in the rig count according to the discussion?

• The rig count remains unchanged

• The rig count is increasing

• The rig count is decreasing

• The rig count is fluctuating wildly