China's resulting reduction in purchases will result in falling prices. Click here to read more.
China Rare-Earth Embargo Could Slow Oil-Market Growth
The embargo could impact oil more severely than the 1973 Arab embargo (see graph). See Notes at the Margin for more on this.
Oil Price Supported by AI Trillions (October 20, 2025) -- Today, OpenAI CEO Sam Altman stands as the sole barrier between crude in the $50s, where it is now, and oil at $10 per barrel.