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What does the oil tycoon mean by frying oil?
The word "frying oil" refers to the oil tycoon's intention to artificially raise the price of oil in order to obtain more profits. This behavior generally occurs in the period when the global crude oil price is relatively high. Oil tycoons buy a lot of crude oil futures in the speculative market, which leads to market tension and panic, leading to a sharp rise in crude oil prices and soaring oil prices, and even oil shortages in some countries.

For consumers, there is only one result of frying oil, that is, oil prices have gone up and they have to spend more money on fuel. For oil tycoons, it is an unacceptable fact that they can easily earn tens of billions of dollars or more in profits.

Frying oil is an irresponsible behavior, which will not only bring serious impact to the global oil market, but also bring adverse effects to the global economy and financial system. Some people think that in order to maintain the global market order and the interests of consumers, we should strengthen supervision and crack down on this kind of behavior. In any case, the behavior of "frying oil" must be highly concerned and paid enough attention to.