Oil Prices Stuck in Supply and Demand Trading Range

The video discusses the current state of the oil market, focusing on volatility and price trends. Todd Coleman from CME explains the impact of Brexit on oil prices and the factors influencing short-term and long-term price movements, such as supply, demand, and geopolitical risks. The discussion covers potential future scenarios, including the role of global growth and central banks. The video also highlights the impact of supply disruptions in countries like Nigeria and Libya, and the need for global demand to increase for significant price changes.

What is the significance of the $40 and $50 price points in the oil market?

What does the speaker suggest is necessary for oil prices to rise sustainably?