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They are buying back some at higher unexpected price.
I'm expecting significant price increase too.
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after all, the USA is still energy-independent. now imagine what would happen to a currency like the euro that is not backed by energy.
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Buy back better
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as far as the oil price is concerned, I think we have seen a lot of manipulation by the US strategic reserve. I think that will soon come to an end and then oil may rise significantly in price to 100 or more dollars a barrel by the end of the year