Oil's Upside Is Limited, Saxo Bank's Hansen Says

The video discusses the current state of the oil market amidst economic uncertainty and potential recession. It highlights the challenges faced by the market due to macroeconomic factors, such as rate hikes and production cuts. The discussion includes the role of OPEC and Saudi Arabia in managing production to stabilize prices. The potential for future production adjustments and their implications on market share and demand are also explored.

What factors could lead to a weaker demand for oil according to the text?

What predictions are made about the oil market in the next six months?