Show me demand is decreasing. Explain the increase in oil prices...

  1. PaddyMac33
    263 Posts.
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    19/07/22
    14:29
    Post #: 62609597

    Show me demand is decreasing.

    Explain the increase in oil prices from $60 to $90 then.

    https://hotcopper.com.au/data/attachments/4516/4516678-c2a83051c14842243793d1f0aedde3d5.jpg
    The US released 50 million barrels of oil in November 2021 (3 months before Russia invaded Ukraine). It has been exacerbated by talks of embargo's on Russian exports, but it did not start because of it.
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    lightbulb Created with Sketch.  Great analysis
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