WH says discuss a possible joint release of oil from reserves with China, others

News

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.   

Invest in yourself. See our forex education hub.

Articles You May Like

Goldman Sachs is about to report fourth-quarter earnings
Forexlive Americas FX news wrap 17 Jan: US Supreme Court affirms decision to shut TikTok.
Oil prices hover near 4-month highs as Russia sanctions stay in focus
Gold subdued as investors brace for US inflation print
Australian Consumer Inflation Expectation, January 2024: 4.0% (vs 4.2% previously)

Leave a Reply

Your email address will not be published. Required fields are marked *