Citigroup's Ed Morse Sees $65 Oil by End of 2017

The video discusses the complexities of the oil market, focusing on the factors influencing oil prices, such as market perception, production costs, and geopolitical influences. It examines the potential for oil price caps and the impact of US and OPEC production levels. The discussion highlights the challenges in predicting oil prices due to fluctuating production costs and geopolitical factors affecting supply.

What role do countries like Libya, Nigeria, and Venezuela play in the global oil supply?

Discuss the challenges in predicting a cap on oil prices.