Analyze the global market for crude oil in an essay, explaining what is happening now in the market in terms of supply and demand and predict what is likely to happen in the the short-term and long-term in the market for crude oil, and how this will affect gas prices in the US. Include the effect of Russia’s invasion of Ukraine on the crude oil market.

Format: 1 paragraph Introduction, with a thesis; 1 paragraph on demand; 1 paragraph on supply; 1 paragraph for short and long term predictions; 1 paragraph for the conclusion.

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