Quote:
Originally Posted by Patriam1066
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No, because there is limited supply of anything at any certain price. And the oil market isn’t purely supply and demand, it’s extremely speculative so it doesn’t fluctuate at quickly as things are bought. It’s not even really a market
There is not enough Brent for the entire planet, not enough west Texas intermediate for the entire planet, etc
Either way, Russia isn’t imminently going bankrupt, but it did help
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OK that helps. I had thought Brent was some standard price for all Western oil.
But I still think Russia sold all the crude oil they intended to sell, and first.