Oil production volumes by country ๐Ÿ‘†

As you can see, the US is leading the world and will definitely not be left without black gold. But the record decline in government inventories prevents them from further dumping the market towards $70.

Now the market is in a stage of uncertainty, with bankers predicting a rise to $100 or more per barrel on the back of OPEC+ production cuts.

And the U.S. continues to increase its own production, negotiate with Iran and Venezuela to lift restrictions on oil sales, and kill demand in the global economy with the story of long-term high Fed rates followed by recession. What can't you do to keep inflation in check.

Pump oil managed to stop at $96 and even brought the rate back to $93. Traders are now assessing the ability of the US to further saturate the market with new oil, and the willingness of OPEC+ to respond with more production cuts ๐Ÿง