Oil Climbs to Highest Level Since 2018 Ahead of OPEC+ Meeting

The video discusses the OPEC+ meeting in Vienna, focusing on supply policy and market trends. It highlights the expected increase in oil demand as the world recovers from the pandemic, leading to a potential rise in OPEC oil production. The meeting is likely to approve an increase in supply by 800,000 barrels per day in July. The video also explores future production plans and the impact of ongoing Iran talks on the market.

What is the main topic of discussion for OPEC Plus in Vienna?

What factors are driving the recovery in oil demand according to the text?

What is the expected increase in oil supply from OPEC Plus in July?

What is the anticipated production strategy of OPEC Plus for the upcoming months?

What is the uncertainty surrounding the Iranian oil market mentioned in the text?