Oil Market in Tune for a Bath, Says Bill Baruch

The transcript discusses the potential for market balance and the impact of US oil production on global markets. Concerns are raised about whether production caps will continue, affecting market stability. The discussion also covers stockpile data from API and EIA, highlighting the bearish market outlook if EIA's report aligns with expectations.

What does Mr. Barkindo suggest about the market's future?

What concerns were expressed regarding US production?

What is the expected production from the US by the end of 2018?

How does the API data influence expectations for the EIA report?

What is the significance of the draw from the API data?