Russia exports oil. The price of oil is falling like a stone. Russia is not liking this. So they decided to try and monkey with the price of oil by buying it and making an oil reserve like some of the other cool countries have.
The problem (well, one problem) with that idea? Nobody is buying Russia right now. Because it looks increasingly like Russia is a bad risk.
So... where will they get the money?
This could be interesting.
So far, OPEC threatening to cut production hasn't helped hold up the price of oil.
Maybe, just maybe, we are seeing a return to an oil market based on supply and demand and not speculation.
We'll see.
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