The price of commodities is determined by gigantic financial institutions that sell fake futures contracts not backed by any physical good.
The prices will continue to be manipulated until the physical goods are no longer able to be delivered or to have their delayed deliveries hand-waved away.
Actually, in this not-a-war you saw a disparity between the physical and paper price of oil, the former of which sometimes had a 50% premium over the latter. The same thing happened in corona when oil was selling for -30 dollars, simply because selling it at a loss was cheaper than shutting down.
The price of commodities is determined by gigantic financial institutions that sell fake futures contracts not backed by any physical good.
The prices will continue to be manipulated until the physical goods are no longer able to be delivered or to have their delayed deliveries hand-waved away.
Actually, in this not-a-war you saw a disparity between the physical and paper price of oil, the former of which sometimes had a 50% premium over the latter. The same thing happened in corona when oil was selling for -30 dollars, simply because selling it at a loss was cheaper than shutting down.