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World News@quokk.au · 4 months ago

Oil Prices Surge Despite Record-Breaking Strategic Reserve Release

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Oil Prices Surge Despite Record-Breaking Strategic Reserve Release

cm0002@libretechni.ca to

World News@quokk.au · 4 months ago

1

Oil Prices Surge Despite Record-Breaking Strategic Reserve Release | OilPrice.com

Oil prices surged despite the largest coordinated strategic reserve release in history as escalating attacks on shipping in the Strait of Hormuz heightened fears of a prolonged global supply shock.

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Che Banana@beehaw.org
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4 months ago
The release is to keep costs low, not keep prices down.

Low costs, high profits make shareholders happy. Everyone else gets bent.

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