Oil Seen at $70 to $80 Till Year-End, Fat Prophets' Lennox Says

The video discusses the current state of the oil market, highlighting the pressure on oil prices due to various factors such as OPEC's production decisions, global disruptions in countries like Venezuela, Iran, and Libya, and the impact of US oil production. It also examines the price spread between WTI and Brent crude, noting the potential for this spread to widen unless OPEC intervenes with additional production. The forecast for the end of the year suggests that WTI and Brent prices will remain within specific ranges, with no major rallies expected.

What factors are contributing to the upside pressure in the oil market?

How did Donald Trump's tweet impact the oil prices according to the discussion?

What are the long-term events mentioned that could affect oil prices throughout 2018?

What interventions by OPEC could potentially narrow the premium between WTI and Brent prices?

What is the expected price range for WTI crude by the end of the year?