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Because there is a world wide oil market and a major reduction of the worlds supply of oil via Russian sanctions, while the demand stays roughly the same result
by smegger001 5y ago
Because there is a world wide oil market and a major reduction of the worlds supply of oil via Russian sanctions, while the demand stays roughly the same resulting in higher price everywhere that has sanctions against Russia.
- innagadadavida 5y agoOr the oil companies might just be taking profits from their stockpile because they can.