Oil Market Seesaw: OPEC 'Definitely Regained Control', High Prices Could 'Destroy Market'

The oil market has experienced significant fluctuations, with a notable collapse attributed to the absence of war, as reported by The_Real_Fly. In contrast, several sources, including DeItaone and financialjuice, have highlighted comments from Citadel's Sebastian Barrack, indicating that OPEC has 'definitely regained control' of the oil market. Barrack warned that high oil prices could 'destroy the market' unless OPEC increases supply. His remarks were made during an FT event in Lausanne, emphasizing the potential for the oil market to become 'extremely tight'.