Brent Crude May Fall Below $70, Citi's Morse Says

The video discusses the impact of OPEC production cuts on the oil market, highlighting a shift from oversupply to market tightness. Despite OPEC's efforts, increased supply and economic slowdown are affecting demand. Brent prices are not expected to fall to previous lows due to different market conditions, including lower inventory levels. Market mechanisms, such as US and China strategic reserves, are expected to stabilize prices, preventing a significant price crash.

What price range does the speaker suggest for Brent oil?

What factors could influence the oil prices according to the discussion?