Will the Price of Oil Only Go Higher?

The video discusses the challenges in predicting new oil price levels and highlights Norway's continued importance as an oil and gas producer. It emphasizes the need for economic restructuring and investment in other sectors. Experts predict rising oil prices due to market trends, with fracking playing a role in setting price caps. The discussion concludes with opportunities for oil producers to restructure their economies based on a price range of $30 to $60.

What factors are influencing the predictions about oil prices as discussed in the text?

What range of prices is considered good for oil producers according to the text?