White House speaking on oil release
The WH spokesperson is saying that they have discussed with a range of countries efforts on oil.
- Have discussed a possible joint release of oil from reserves with China, and other countries
The news headlines on the release of strategic petroleum reserves has kind of reached it’s high point of influence. It will likely take actual action from here (or inaction) to get more of a reaction. If anything, the price of oil has lost its upside momentum – at least for the time being.
This article was originally published by Forexlive.com. Read the original article here.