Pricing of oil is directly managed by an oligopoly of players (govs, large corporations etc) on the supply side, and a diverse group of buyers with few main clu

Pricing of oil is directly managed by an oligopoly of players (govs, large corporations etc) on the supply side, and a diverse group of buyers with few main clusters on the demand side. Stats, inflation, intensity can be misleading to deduce "what oil should become". A game theoretic approach seems to be better, where main players are observed based on their moves and the outcomes with probabilities.