#OilPrices #StrategicReserves #MiddleEastConflict
www.nytimes.com
U.S. to Release 172 Million Barrels of Oil From Strategic Reserves, Energy Dept. Says
The move aims to prevent prices from rising further because of the war in the Middle East.
The United States plans to release 172 million barrels of oil from its strategic reserves over four months, beginning next week, the Energy Department said Wednesday evening.
#OilMarket #EnergySecurity #StrategicReserves
ca.finance.yahoo.com
Oil futures steady as IEA announces largest-ever strategic reserves release
Oil futures held near the mid-$80s per barrel on Wednesday after the Group of Seven agreed to release a combined 400 million barrels from strategic petroleum reserves -- the bloc's largest release on record -- as violence continues to escalate around the Strait of Hormuz.