In what ways might the market be adjusting to ongoing cuts in oil production?
OPEC+ Key Members Extend Output Curbs
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The video discusses the impact of supply cuts by Russia and Saudi Arabia on the oil market, highlighting strong demand and its effect on prices. It explores inflation concerns with Brent oil prices nearing $90, and the possibility of reaching $100. The discussion includes central banks' interest rate hikes and market adaptation to ongoing supply cuts, questioning how much more can be done to support prices.
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What are the potential future price targets for Brent crude oil as discussed in the text?
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