American Petroleum Institute: Who Sets the Price of Oil? How a Global Market Decides
August 20, 2026
August 20, 2026
WASHINGTON, Aug. 20 -- The American Petroleum Institute posted the following statement on Aug. 19, 2026:
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Who Sets the Price of Oil? How a Global Market Decides
Over the past several months, Americans have paid more attention than usual to the price of crude oil. And for good reason -- disruption in the Strait of Hormuz has brought near-unprecedented levels of volatility to energy markets, and though most of us will never buy an actual barrel of oil, w . . .
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Who Sets the Price of Oil? How a Global Market Decides
Over the past several months, Americans have paid more attention than usual to the price of crude oil. And for good reason -- disruption in the Strait of Hormuz has brought near-unprecedented levels of volatility to energy markets, and though most of us will never buy an actual barrel of oil, w . . .