UAE OPEC Exit: Crude Projected To Remain Above $100 This Year | WION
Video Overview & Insights
Before the Iran war in late February, global oil markets feared a supply glut, with brent trading under 70 dollars a barrel as American production outpaced demand. This expected surplus was driven by increased production and OPEC quota adjustments. However, immediate threats to the strait of Hormuz have caused prices to spike over 70 percent to above 125 dollars a barrel now.
It's all lies... I will believe Iran now before I believe what the market manipulating clowns in the US government spew out. What an embarrassment they all are to the world.
#opec #uae #westasia #wion
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Of course, it's tRumpy the clown doing the negotiating. How's Eric Trump's crypto company going? I heard he has made over 100 million while investors have lost over 500 million. Just another day in the grifters family businesses.
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These so called analysts are either drunk or clueless the oil markets work.
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We must find alternative ways of getting around. Share rides, skip going places, buy less, there is so much we really don't need.
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