Equinor Sees Oil Price Buoyed by Geopolitical Uncertainties

The video discusses the oil market's performance, highlighting the crossing of the 80 bar in May due to strong demand. It notes reduced storage levels and stable oil prices in the 70s, supported by geopolitical uncertainties. The video also addresses potential volatility and political tensions, particularly in Venezuela, affecting the market.

What factors contributed to crossing the 80 bar in May?

What is the significance of storage levels in the oil market as mentioned in the text?

How do geopolitical uncertainties affect oil prices according to the text?

What is the expected market behavior regarding oil prices in the future?

What concerns are raised regarding Venezuela in the context of oil prices?