Petrie Sees 'Eroding' WTI -Brent Crude Spread

The video discusses the sustainability of the current oil market, highlighting various tailwinds such as geopolitical issues in Libya, Iran, and Venezuela, and OPEC's production levels. It examines the impact of US pressures on allies and China's potential role in oil pricing. The discussion also covers demand risks due to economic factors like high interest rates and a strong dollar. Finally, it analyzes the spread between WTI and Brent oil prices, considering future export capabilities.

Discuss the implications of high interest rates and a strong dollar on oil demand.

What are the potential future trends in the spread between WTI and Brent crude oil prices?