OPEC Slashes Output, Biden Releases More Oil—How Did We Get Here?
OPEC surprised global energy markets on Wednesday by agreeing to slash crude production by 2 million barrels per day (bpd).
Source: theepochtimes.com
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OPEC surprised global energy markets on Wednesday by agreeing to slash crude production by 2 million barrels per day (bpd).
Oil climbed on optimism that demand prospects in China may brighten as one of its megacities loosens lockdown restrictions.
Prices also increased on Washington's vow to refill SPR if oil declines below $80.
Oil climbed on optimism that demand prospects in China may brighten as one of its megacities loosens lockdown restrictions.
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