Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions

Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions

- Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia's war in Ukraine. - Yergin said the demand outlook for China, the world's largest oil consumer, is also uncertain. - "We think OPEC+ will then move to a more liberal approach and allow the few members with spare capacity to produce more," Edward Gardner, commodities economist at Capital Economics, said Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia's war in Ukraine. Oil prices had been increasing since last year, spiking to highs after Russia launched an unprovoked war on …
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