JPMorgan's Michele: Oil Can Settle in at $42, $43

The transcript discusses the influence of OPEC and Saudi Arabia on oil prices, highlighting a shift in the perceived floor price from $30 to $40 per barrel. It explores the impact of oil prices on bond offerings and market stability, noting that mid-$40s is a comfortable range for oil. The discussion also covers potential volatility in energy markets, the influence of the dollar on oil prices and interest rates, and the Federal Reserve's role in market uncertainty. The Fed's focus on data, financial conditions, and economic theory is examined, with an emphasis on the potential for a zero or negative real fed funds rate.

What are the implications of volatility in oil prices for Saudi Arabia?

How do macroeconomic events and the dollar influence oil prices?