• Corkyskog@sh.itjust.works
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    2 days ago

    Its really no longer tied to that, it has more to do with refineries in the US shut down for maintenance and the refineries that were hit in Russia, Ukraine and a little middle east capacity that went down. Oil inventories are actually rising, because there isn’t enough refining capacity for it. It’s why diesel is so expensive right now and oil isn’t over $200 a barrel.