What's going on in the oil market?

Supply in the oil market is about to get way tighter, according to RBC's Helima Croft. The outlook for US oil production has been slashed in half, Croft told CNBC. Crude prices are set to climb, with Brent potentially hitting $85 this year, she predicted.

Will OPEC+ tighten the oil market?

U.S. crude oil futures touched $80 a barrel for the first time in nearly four months, as signs point to a tightening market ahead of an OPEC+ decision on production cuts. The West Texas Intermediate contract for April gained 2.19%, or $1.71, to settle at $79.97 a barrel on Friday, marking the highest close for U.S. crude since Nov. 6.

Will OPEC+ reopening push oil prices to $100 again?

“OPEC+’s plan for a further production cut may push oil prices toward the $100 mark again, considering China’s reopening and Russia’s output cuts as a retaliation move against western sanctions,” CMC Markets’ analyst Tina Teng told CNBC.