Goldman’s Currie: Downside Oil Volatility Is Likely to Be Very High

The video discusses the potential for significant market volatility due to a crude oil build-up, which could lead to bottlenecks in logistics and storage. Historical examples are used to illustrate how breaches in system capacity can cause drastic price fluctuations. The video emphasizes the importance of supply-demand adjustments and the challenges posed by increased storage capacity. It concludes with a discussion on future logistics challenges and the potential for high volatility in the coming months.

What are the potential consequences of a crude build of 6 million barrels per day?

In what ways can logistics bottlenecks impact the oil market?

What factors contribute to the volatility in oil prices when supply exceeds demand?

How does breaching storage capacity affect oil prices?

What historical events illustrate the relationship between storage capacity and oil price volatility?