OPEC Deal a 'Fantastic Opportunity to Get Short WTI,' Says Bauer

The video discusses the unexpected market reaction to oil production changes, focusing on WTI and Brent spreads. It suggests trading strategies, particularly shorting WTI due to increased US shale production. The video also shifts to Bitcoin, noting increased trading volume and potential bullish signs if it closes above $6250, despite recent low volatility and regulatory risks.

What was the market's reaction to the production ramp-up mentioned in the text?

How has the Brent WTI spread changed according to the discussion?

What is the current production level of shale oil in the US as discussed?

What factors are contributing to the current interest in Bitcoin as mentioned in the text?

What does the speaker suggest could happen if Bitcoin closes above 6250?