• Kyrgizion@lemmy.world
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      23 hours ago

      Interestingly, I don’t think that’s going to happen. OPEC could decide to ramp up production if USA lowers theirs. Demand for oil isn’t rising the way it used to due to alternatives not only becoming viable but actually cheaper as well.

    • Tiger@sh.itjust.works
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      22 hours ago

      In a recession with lower demand and everyone hunkering down oil prices probably decline.