As Brent crosses $70, oil market narratives have flipped to questions over supply rather than demand.
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.
As oil prices creep up, drillers' instincts for aggressive growth will clash with investor calls for restraint.
New COVID-19 restrictions in major economies and a new coronavirus variant raises serious oil market concerns about the next few months.
From energy dominance to COVID-19, how did the Trump administration affect energy policy?
Amid internal discord and budget pressures, OPEC+ has reportedly agreed to incremental production increases and monthly monitoring.
Lockdowns and rising COVID cases are counteracting the effects of a coronavirus vaccine on the oil market.
The latest COVID-19 wave could force the group to extend the cuts once again.
Even after historic cuts, lower demand means the oil market is still under pressure.