Big news about oil! Russia is a huge oil producer, and what it does affects oil prices worldwide. Recently, there's been talk of peace in Ukraine, which could change things. But even with peace, Russia might not pump out much more oil.
- Russia's oil production is limited by an agreement with other countries, not just by sanctions (rules against them).
- A group called OPEC+ controls a lot of the world's oil. They decide how much oil is made.
- Experts think the price of Brent crude oil (a type of oil) might go up to $79 per barrel soon.
| Oil Price Now | Possible Oil Price |
|---|---|
| $76 per barrel | $79 per barrel (predicted) |
