Oil prices (BZ-F, CL=F) are experiencing a slight increase amid persisting geopolitical tensions between Ukraine and Russia. Prosper Trading Academy CEO Scott Bauer joins Yahoo Finance Live to discuss the tailwinds he foresees for oil prices in the coming months. Bauer acknowledges that geopolitical risks have contributed to "a five-dollar premium in the price of crude." He notes that crude has consolidated over the past three to four months, but the ongoing tension between Ukraine and Russia presents "an opportunity" for crude prices to break through the $80 threshold. Barring "any further escalation," Bauer envisions oil prices reaching a target of $84. However, he highlights that the current economic conditions and pressures on the US dollar are all tailwinds that could drive oil prices even higher. Bauer emphasizes that the next six months will be telling, with several "hot points" arising that could benefit crude prices, including supply and demand dynamics, the US election, and the potential return of demand from China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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