Discover how Russia's fuel export ban is driving up oil prices worldwide. Stay updated on the latest developments in the oil market.
Oil prices just took a surprising turn, and it's all because Russia decided to stop selling fuel to other countries for a while. This unexpected move has made oil prices go up.
This decision has left many countries concerned about having enough heating oil for the cold months ahead. But why do oil prices react so strongly to this news? It's because oil is crucial for many things, like making gasoline for cars and heating homes. Major oil producers like Saudi Arabia and Russia even decided to cut down on the oil they sell to the world.
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