Venezuela Sanctions to Prompt a Wave of Oil Selling, Baruch Says

The video discusses the current state of the oil market, focusing on the impact of Venezuela's oil supply issues and US oil inventories. Bill Baruch from Blue Line Futures provides insights into how these factors are influencing oil prices, with a particular emphasis on technical analysis and market trends. The discussion also covers the gasoline market, highlighting potential selling trends and future buying opportunities.

Discuss the implications of the current inventory levels in the US on the oil market.

What are the expected outcomes for gasoline prices in the next 30 to 60 days?