Oil prices on the trading markets popped back up to $93 a barrel, with Opec predicting that demand for oil will increase and with the megacrisis currently engulfing the Middle East changing all market-led considerations.
Demand for oil will continue to grow and remain "resilient" this year, according to the secretary general of Opec+.
"We see demand growing about 2.4 million barrels a day," Haitham Al Ghais told reporters.
Earlier this month Saudi Arabia said it would be cutting its production of crude oil by a million barrels a day to boost prices.
The International Energy Agency (IEA) said the decision by Saudi Arabia and Russia - two major oil producers and members of Opec+ - to cut production could cause a "significant supply shortfall" by the end of this year.
One thing is for sure - uncertainty in the market due to the geo-political instability is changing the dynamic in the oil markets.
