Fed Helps Oil as Saudi, Iran Battle Over Production

The video discusses the factors influencing oil prices, including the Federal Reserve's actions and data from the Department of Energy. It highlights upcoming OPEC meetings in Algiers and Vienna, focusing on production talks between Saudi Arabia and Iran. The video also analyzes market positioning, noting the impact of producer actions on long and short positions. The potential outcomes of these meetings and their effects on oil prices are explored.

What are the potential risks for oil prices leading up to the next OPEC meeting?

In what ways have market positions changed in response to producer actions?