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cm0002 ( cm0002@libretechni.ca )  to World News@quokk.au · 8 months ago

Oil Prices Surge Despite Record-Breaking Strategic Reserve Release

oilprice.com

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Oil Prices Surge Despite Record-Breaking Strategic Reserve Release

oilprice.com

cm0002 ( cm0002@libretechni.ca )  to World News@quokk.au · 8 months ago
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Oil Prices Surge Despite Record-Breaking Strategic Reserve Release | OilPrice.com
oilprice.com
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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.
  • Che Banana ( The_Che_Banana@beehaw.org ) 
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    8 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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