Will We See Higher Crude Oil Prices in 2017?

The video discusses the current and future trends in the oil market, highlighting a 50% increase in capital expenditure and price predictions for WTI and Brent. Francisco Bland from Bank of America Merrill Lynch provides insights into supply and demand dynamics, noting strong demand in the US and India. The discussion covers price forecasts, short-term concerns, and the impact of decline rates on non-OPEC countries. It also examines investor positioning and seasonal market effects, suggesting a buying opportunity during price dips.

What is the significance of the decline rates mentioned in the analysis?

How do seasonal effects influence investor behavior in the oil market?