IEA Sees OPEC Achieving 90% Production Cut Compliance

The video discusses the current state of the oil market, highlighting the stability in oil prices due to OPEC's production cuts and the US shale revival. It notes the low volatility in the market, a result of OPEC's efforts to make the market more predictable. The upcoming OPEC report is expected to provide insights into compliance with production cuts, which could influence future price movements.

What has been the price range of WTI oil over the last couple of months?

What are the two competing factors affecting the oil market mentioned in the text?

How has OPEC been successful in the oil market according to the text?

What is the initial focus for the oil market as mentioned in the text?

What was the compliance percentage reported by the IEA on Friday?