Brent Oil May Rise to $72, FGE's Paravaikkarasu Says

The video discusses the current state of the oil market, highlighting its fragility due to weak macroeconomic factors and geopolitical tensions. It explains the role of OPEC in stabilizing the market through production cuts and the expected impact on oil prices. The discussion also covers the supply-demand dynamics, with a focus on stockpiles and inventories, and the potential for price increases. The video further explores the political influences on oil prices, particularly the impact of President Trump's actions and the concept of a 'Trump ceiling' on oil prices.

What role does US tight oil production play in the current oil market?

How might political factors, such as President Trump's actions, influence oil prices?