Question
Why the oil price today is so high? (Please also explain in graph) Reference: https://www.eia.gov/outlooks/steo/report/prices.php https://www.reuters.com/business/energy/big-oil-tell-congress-markets-not-companies-set-fuel-prices-testimony-2022-04-05/ https://www.wsj.com/articles/gas-prices-oil-executives-take-center-stage-at-congressional-hearing-11649237401?mod=politics_lead_pos4 https://www.thebalance.com/oil-price-forecast-3306219#:~:text=The%20EIA%20forecast%20that%20Brent,and%20a%20decrease%20in%20supply https://www.investopedia.com/articles/investing/100614/oil-price-analysis-impact-supply-demand.asp
Why the oil price today is so high? (Please also explain in graph)
Reference:
https://www.eia.gov/outlooks/steo/report/prices.php
https://www.reuters.com/business/energy/big-oil-tell-congress-markets-not-companies-set-fuel-prices-testimony-2022-04-05/
https://www.wsj.com/articles/gas-prices-oil-executives-take-center-stage-at-congressional-hearing-11649237401?mod=politics_lead_pos4
https://www.thebalance.com/oil-price-forecast-3306219#:~:text=The%20EIA%20forecast%20that%20Brent,and%20a%20decrease%20in%20supply
https://www.investopedia.com/articles/investing/100614/oil-price-analysis-impact-supply-demand.asp
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