It doesn't make sense to me.
Russia is cozying up with China and India and will sell them energy without using the US Dollar.
That should cause the value of the USD to plummet, which would mean higher prices for oil in US Dollars.
But that's not what's happening.
It's probably a combination of: 1) people are pricing in a deep, deep recession where energy demand will plummet 2) (((institutional investors))) are dumping oil to manipulate prices and fuck with Russian energy exports
It doesn't make sense to me.
Russia is cozying up with China and India and will sell them energy without using the US Dollar.
That should cause the value of the USD to plummet, which would mean higher prices for oil in US Dollars.
But that's not what's happening.
It's probably a combination of:
1) people are pricing in a deep, deep recession where energy demand will plummet
2) (((institutional investors))) are dumping oil to manipulate prices and fuck with Russian energy exports
(post is archived)