BofA’s Blanch Sees Three Reasons Why Oil Will Rise to $100

The video discusses the demand dynamics affecting oil prices, focusing on pent-up demand, avoidance of mass transit, and remote work trends. It highlights the slow return of business travel and its limited impact on overall demand. The supply side is examined, with emphasis on government policies, investor pressures, and OPEC's role in maintaining discipline. The potential for increased shale production is also considered.

What are the three key reasons for the pent-up demand mentioned in the text?

How does the avoidance of mass transit contribute to changes in demand dynamics?

What impact does remote work have on driving patterns according to the text?

How is business travel expected to affect overall travel demand in the coming months?

What are the three elements that may hold back supply in the oil market?