Same argument they used in 2008 - supply and demand. Price went right up to USD150 and crashed subsequently. Why? Speculation. That's how the price in the futures contracts get bid up. Russia produces only 13% of the entire world supply. And price of oil just more than doubled from pre COVID levels and went up to USD130 before simmering a little? In any case, we shall let the price action determine where this will land. Stage 3 moving into Stage 4. If history serves right as a reminder, this is not going to look pretty.

Why Is Oil Priced The Way That It Is?

General misunderstandings of how the oil market works are running rampant.Oil isn’t priced the way that it is because of greedy corporations, but because of something much simpler; supply and demand.The people outraged at oil companies todayy didn’t care about 2020 bankruptcies, yet those bankruptcies from 2020 helped set the stage for supply shortages today.People who should know better are still deflecting the blame for high oil prices onto the oil companies. There is still a widespread misund
Why Is Oil Priced The Way That It Is?

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  • badumdum
    ·2022-07-14
    just in case you were wondering how steep it is likely to fall.
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  • Golobee
    ·2022-07-15
    [smile]
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  • Tiongsquare
    ·2022-07-14
    Ok
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  • suresh11
    ·2022-07-14
    ok
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  • SuccesInvst
    ·2022-07-14
    💪
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  • ZenInv
    ·2022-07-14
    Smashing drop?
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    • badumdum
      see picture above
      2022-07-14
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  • Ysw16888
    ·2022-07-14
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  • Sherry0000
    ·2022-07-14
    👍🏻
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  • Mivecs
    ·2022-07-14
    Keep it up
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  • Harry S
    ·2022-07-14
    [Smile]
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