it's down to 1.12 again. The fluctuations are a little more than usual. Seems borrowing rates behaving in a similar way but may be a little lower than they were.
Thanks to OPEC+ fuel prices will probably increase again and may drag gas with them. They will be cutting production by 2m barrels a day. An oil person thinks it will be more like 1m barrels a day as some are currently having problems producing their quota
maybe to keep prices up.Why - oil prices falling. They don't want to be dragged into a recession by the west as they were during the banking crisis where oil prices just kept falling. Pass but that is what was said. Sounds like a root to even higher prices. Less gets bought so they produce a surplus, price fall, they reduce supply again. LOL We better start using more to keep the price low but use to much and the price will go up.
