Brexit Makes Bitter Impact on Cocoa, Commodities

The video discusses the impact of the Brexit referendum on various commodities, focusing on oil, gold, and cocoa. Cocoa is highlighted as the most affected due to its pricing in sterling, leading to complex arbitrage between London and New York markets. The oil market is analyzed, considering potential price drops if Brexit occurs, despite improving supply-demand fundamentals. The International Energy Agency reports better-than-expected demand growth, particularly in the US and India, contributing to market balance.

What are the current trends in the oil market as mentioned in the text?

What did the International Energy Agency report about oil demand?