Oil Likely to Rise in Second Half of 2018, Tortoise's Thummel Says

The video discusses the impact of US-China trade talks on the oil market, highlighting the role of tariffs and Turkey in recent price declines. It explores supply and demand dynamics, focusing on potential supply reductions from Iran and overestimated US production. The forecast suggests rising oil prices in the second half of 2018, with a projected price of $70-$75 per barrel. The video also examines the constraints in US production growth due to infrastructure issues, particularly in the Permian Basin.

What are the implications of the trade tensions between the US and China on the oil market?

What challenges does the US face in terms of oil production growth as mentioned in the text?