Oil Searches for a Floor as Fed Pushes Down Prices

The video discusses the current market concerns, focusing on the Federal Reserve's plans to hike rates and the resulting market anxiety. Brian Battle from Performance Trust Capital Partners provides insights into the uncertainty surrounding rate increases and the impact on global markets, particularly oil prices. The Federal Reserve's lack of clear signals on demand and the global economic outlook, including trade tensions with China, contribute to a downdraft in oil prices and market sentiment.

What does the speaker suggest about the future demand for oil?

What implications does the text suggest about global GDP and its relation to oil prices?