OPEC+ Standoff Pushes Oil to Six-Year High

The video discusses the recent surge in oil prices, which have reached their highest since 2014, causing concerns for the White House as gasoline prices rise above $3 per gallon. The discussion highlights the tensions within OPEC, particularly between the UAE and Saudi Arabia, and the potential impact on oil markets. The video also explores future market predictions, considering factors like Iranian oil re-entering the market and the possibility of OPEC members becoming non-compliant. The forward curve indicates short-term bullish trends, but long-term uncertainties remain.

What does the forward curve indicate about future oil prices?

What potential impact could Iranian oil have on the market if a deal is reached?