Oil Will Break Out of Range to the Upside: Vanda Insights

The video discusses the current state of the oil market, highlighting the deadlock in oil prices due to economic factors and geopolitical issues. It covers the impact of COVID-19 on market sentiment, the role of OPEC in managing oil supply, and the potential effects of US-Iran relations on oil prices. Additionally, it explores the future of shale oil production in the US and the conditions needed for its recovery.

What are the key factors that could lead to a breakout in oil prices from the current range?

What are the implications of the US-Iran talks on the oil supply and prices?

How has the shale production in the US changed in recent times, and what are the expectations for the future?