Oil Prices Continue Rising as Geopolitical Risks Mount

The video discusses the upward pressure on oil prices due to geopolitical tensions, particularly the Ukraine-Russia situation, and the challenges faced by OPEC Plus in meeting production targets. It highlights the optimism about demand recovery despite the Omicron variant and the dwindling spare capacity in the oil market. The potential impact of a resolution in Ukraine-Russia tensions on oil prices is also explored.

What are the implications of the Omicron variant on global oil consumption?

What is the significance of dwindling spare capacity in the oil market?