Oil is headed to $80 a barrel?

Oil continued to rise to $75, after data on US crude oil stocks and continuing concerns about supply shortages.
Despite assurances that Saudi Arabia will raise its production, in response to President Trump's request and his administration, there was a scandal. The media severely condemned Trump's tweets, saing they were offensive to Saudi Arabia.
US crude oil rose 1%, with a premium between futures contracts shipped month by month, expanding heavily. This indicates the market participants' expectations for a potential further rise in the price of "black gold."
In addition, the decline of the dollar against other major currencies has also fueled the slight rise in oil prices.
Oil prices are rising despite OPEC countries' assurances that they will adhere to a 1 million barrel per day production agreement.
The rise in the cost of raw materials in such environments has led a number of market observers to believe that OPEC will not be able to cope with the supply of such a quantity of oil due to lack of sufficient spare capacity.
And this may trigger further rising of raw material to the next key $80 per barrel.