Brent Oil Climbs as Market Focuses on Supply Over Demand

The video discusses the relationship between oil prices and bond yields, highlighting how oil prices have been supply-driven rather than demand-driven recently. It examines OPEC's role in controlling supply and the implications for the global economy. The video also explores the impact of refining capacity on fuel prices, noting the strain on the global refining system and its effect on gasoline and diesel prices.

In what ways has the global refining system been impacted by the pandemic?

What implications do high gasoline prices have for consumers and the economy?