Oil Hovers at Four-Year High

The video discusses OPEC's decision not to increase oil production despite US requests, highlighting the delicate balance between maintaining OPEC unity and US relations. It examines the impact of sanctions on Iran's oil exports, noting a significant drop in exports. The discussion shifts to market positioning in oil stocks, with a focus on European energy stocks being more attractive than US stocks. Finally, the video explores the potential increase in the US oil discount and its implications for US consumers, emphasizing the lack of infrastructure to export oil effectively.

How are consumer reactions to oil supply changes different now compared to the Obama administration?

What are the potential implications of a significant discount for U.S. oil?