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U.S. federal investigation is difficult to stabilize oil prices

 Last Update: 2021-12-04
 Source: Internet
 Author: User

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On November 17, in the face of high oil prices, US President Biden called on the Federal Trade Commission (FTC) to investigate violations of oil and gas companies to drive up oil prices

At present, analysts in the European and American markets generally believe that the current high oil prices in Europe and the United States are due to the difficulty in making breakthroughs in energy supply during the post-epidemic period, and the long-term trend of oil prices lacks a basis for correction

In addition, oil-producing countries have no interest in expanding production, which will continue to put pressure on oil prices and is also a factor beyond the control of oil and gas companies

For the United States itself, the recovery of the US shale oil industry is still slow, which also brings uncertainty to the increase in market supply

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