Another told you so! Ukraine is getting owned!

[aussenseiter]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

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

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.