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Reducing road consumption could drive oil prices down, Jesse Peltan says

Reducing road consumption could drive oil prices down, Jesse Peltan says
Oil prices and road demand link

Jesse Peltan suggested that oil prices would be significantly lower if less of it were consumed on the road.

Peltan highlighted the impact that current consumption patterns have on oil's price, indicating that alternative uses or reduced reliance on road transport could change market dynamics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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