Is it possible that the Arab countries are buying up oil futures to keep the price up and not have to pump?

more oil?


We hear on the news that it is the speculators that are driving up the price of oil and not of use and productionIs it possible that the Arab countries are buying up oil futures to keep the price up and not have to pump?
30% of the American economy is owned by the UA countries.Is it possible that the Arab countries are buying up oil futures to keep the price up and not have to pump?
very possible