Tag Archives: Nation

Oil Jumps 3%, Bucking Consumer Nations’ Crude Reserves Release

Oil Jumps 3%, Bucking Consumer Nations’ Crude Reserves Release

Investing.com – Damning indictment? Or the natural reaction of a market that just needed to rebound? Whatever the case, the Biden administration’s much-anticipated coordinated crude release with other major consuming countries sent oil prices up more than 3% on the day instead — not exactly what the White House wanted.

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