Crude Oil Is Now Likely To Exceed $200 by the End of the Year.
The Russian oil supply for Europe is lost for good.
The banning of Russian crude oil by the Europeans will create a supply shock. Long-term financial conditions do not encourage American shale producers to increase extraction. While some imagined that everything would be back to normal within a few months, many are beginning to open their eyes to an increasingly obvious reality: the Russian oil supply fo…
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