Another fallacy. The price of oil had more to do with spot pricing than the war in Ukraine. As a matter of fact price was rising before the war.
Au contraire, tovarich.
Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.
Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.
It must get tiresome defending everything comrade Putin does.
Nope. From the same article immediately following your quote:
The price of crude oil was already inflated even before the war due to higher demand fueled by the recovery of global economies from the COVID-19 pandemic and low investment in the oil and gas industry.
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"We have met the enemy and he is us."