Oil Rally Picks Up Steam as US Benchmark WTI Tops $90

The video discusses the rising oil prices driven by US and China consumption, technical factors like the Golden Cross, and supply cuts by OPEC leaders. It highlights inflation concerns due to increased fuel prices and the ongoing dispute between OPEC and IEA over fossil fuel dependency, projecting a significant supply deficit by the end of the year.

What concerns are raised regarding inflation due to rising oil prices?

What warnings did OPEC's top official give regarding fossil fuels?