Oil Trader Sloup Sees Price Pushing to $80 by Year's End

The video discusses the recent surge in oil prices, driven by supply fears related to Iran and unexpected drawdowns reported by the EIA. Oliver Sloop from Blue Line Futures provides insights into the market dynamics, highlighting the influence of White House policies and strong demand over the past 12 to 24 months. The potential for a supply deficit gives an advantage to the Bulls, with expectations of oil prices reaching $80 by year-end.

What news from the White House impacted oil prices recently?

What role does demand play in the current oil market situation?