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POSTS FOR "crisis in Ukraine"
Analysis | Record oil price hikes: People must rage against neoliberalism

Analysis | Record oil price hikes: People must rage against neoliberalism

According to the Organization of Petroleum Exporting Countries (OPEC), there is "no physical shortage" of oil. So, what is happening then? As in the case of major oil price volatilities this century, excessive speculation in the oil derivatives markets is pushing up prices, not the disruptions in oil's actual or physical trading.

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