Futures in Focus: Nickel and Oil Prices

The video discusses the nickel and oil markets. It highlights the decline in nickel premiums in China despite rising prices, influenced by environmental laws in the Philippines. Citigroup suggests that nickel prices may fall. The oil market segment covers mixed signals from Iran regarding production, the impact of tropical storm Fiona, and the importance of US production and inventory data. The discussion includes potential price targets and market reactions.

What factors are influencing the current oil market according to Joe Cusick?

What is the downside target for oil prices mentioned in the discussion?