Oil at Three-Month High as Saudi Raises Prices for Asia

The video discusses the current state of the oil market, highlighting its tight conditions and recent price movements. It covers the impact of OPEC's decisions and Saudi Arabia's unexpected price hikes for Asian customers. The lifting of COVID restrictions in Asia has led to a significant economic rebound, increasing demand for oil. Despite these changes, prices for US buyers remain stable. The video concludes with an analysis of the oil market's future, noting a significant increase in oil prices this year and the broad range of expectations for future trends.

What is the significance of the oil price levels mentioned in the text?

What percentage increase in oil prices has been observed so far this year?