Nothing lasts forever. And especially not price stability at the pump. Brent, the benchmark for crude in Europe, is currently trading at $76 a barrel. When its American equivalent, WTI (West Texas Intermediate), spreads to 71 dollars, far from the peaks recorded in March 2022 at the beginning of the conflict in Ukraine (where prices had risen to more than 140 dollars). Enough to delight all fuel consumers, starting with the 1.4 billion motorists (individuals and commercial vehicles) in the world. But oil producers take a very dim view of this current trend. And they hope to be able to reverse it quickly.
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