Oil Rose to Highest Since Mid-November

The video discusses the market's reaction to Saudi Arabia's oil production cuts, noting that Saudi Arabia's output is below its target, which could boost oil prices. It also covers the ongoing US-China trade talks, highlighting their potential impact on the global economy and oil demand. While no significant progress has been made, the market views the situation optimistically.

What concerns do market participants have regarding Saudi Arabia's ability to meet its oil production targets?

What was the estimated oil output from Saudi Arabia according to Bloomberg?