Oil Price Is Well Supported in the Short-Term, Says Waverton Investment’s Dinning

The video discusses the impact of tighter Iran oil sanctions on oil prices, with forecasts suggesting a rise in Brent oil prices. It explores short and long-term oil price outlooks, considering factors like Venezuelan supply issues and global economic conditions. The discussion extends to the impact of rising oil prices on inflation and equity markets, highlighting a balancing act between deflationary and inflationary pressures. The video concludes with insights into the economic cycle's longevity and its implications for asset allocation, noting that current conditions do not indicate an imminent recession.

Discuss the relationship between oil prices and economic cycles as mentioned in the text.

What are the indicators suggesting about the future of the oil market according to the text?