[Helmholtz Watson]

The U.S. Department of Energy announced it will release 50 million barrels of oil from the Strategic Petroleum Reserve to lower oil prices. This relea
[See the full post at: Coordinated Strategic Petroleum Reserve Release By China, India, Japan, South Korea and the UK To Lower prices]

[TradersCom]

On the #SPR Release “Bill Clinton was the last U.S. president to tap emergency #oil reserves with the deliberate goal of fighting high prices 21 years ago. It didn’t help all that much.” via
@BloombergAsia

[TradersCom]

Timing Of SPR Release Could Be Adjusted If Prices Drop
US Dep Energy Sec. Turk

– China, Other Countries Could Also Time Releases Based On Oil Prices via RTRS @LiveSquawk
– Admin. To Continue Considering Other Tools To Manage Energy Prices Including Potential Oil Export Ban

[TradersCom]

US Dep Energy Sec. Turk says Administration. To Continue Considering Other Tools To Manage nergy Prices Including Potential #Oil Export Ban via Reuters #OOTT
Not that the US needs export income

[Author]

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