HG Research's Goetti Sees Oil Trading Sideways

The video discusses the current state of oil prices, focusing on the trading range of WTI crude oil between $42 and $55. It highlights the neutral market trend and the potential for price movement based on OPEC's production cuts and US oil output. The importance of oil inventories and global demand, influenced by the IMF's growth outlook, is also emphasized. Overall, the video provides insights into the factors affecting oil prices and the potential for future changes.

What role do oil inventories play in the oil market according to the discussion?

What are the implications of the IMF's upgraded growth outlook for oil demand?