U.S. Stockpile Build Surprises Global Oil Market

The video discusses the shift in market focus from the Middle East to US crude stockpiles, highlighting a surprise build in the API report. It explores market reactions, predictions, and trading strategies, emphasizing the potential for a bullish market. The discussion also covers the future outlook on US shale production and OPEC's influence, suggesting a cautious approach to market changes.

What factors are influencing the crude market according to the text?

What was the surprise build reported by the API regarding crude stockpiles?

What are the expectations for the EIA report compared to the API report?

What is Bill Baruch's outlook for the crude oil market by the end of the year?

How does Bill Baruch view the potential for US shale production in the first quarter?