Recent external forces (Russia and Saudi Arabia) are pushing oil prices higher via supply-side pressure, and they are currently 'winning' against the US government's effort to keep oil prices down for political (inflation/election-year) reasons.
factualpending
Speaker
James ConnorEvidence Quote
“Russia and Saudi Arabia... want the oil price higher... Russia and Saudi Arabia are winning right now”
Source
Will the S&P 500 Crash By 50%? How Gold Could Protect Your Portfolio | Chris Vermuelen— WealthionCreated: 8/10/2026, 11:07:32 PM
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