Brent to Revisit $100 Range by Year-End, Schork Says

The video discusses the current state of the oil market, highlighting a lull in demand due to maintenance seasons in North America and Europe. It predicts that oil prices will remain in the $85-$95 range for the next two months, using Brent as a benchmark. As the holiday season approaches, an increase in demand for jet fuel, gasoline, and diesel is expected, potentially driving oil prices back to the $100 range.

What maintenance activities occur during the turnaround season in oil refineries?

What is the potential catalyst that could drive oil prices back to the $100 range?