Crude Oil Falls to Lowest Level Since 2012

The video discusses the fluctuations in oil prices, focusing on the impact of these changes on global economies, particularly the US, Saudi Arabia, and Russia. It highlights the role of OPEC meetings in determining oil production levels and the geopolitical factors influencing oil prices. The video also examines the profitability of US oil drilling amidst price changes and how oil prices serve as economic indicators.

In what ways do geopolitical factors influence oil prices?

Discuss the implications of falling oil prices on countries that heavily rely on oil exports.