China says it agrees with the US to release crude oil reserves around Lunar New Year | Local Business News

China says it agrees with the US to release crude oil reserves around Lunar New Year

| Business News Today | News Today


For the uninitiated, this is nothing new. This ties into the news of SPR’s release in November, which oil markets have rightly ignored. The latest update here is just to confirm the timing of the release of oil reserves. Even though it may happen during the quieter and thinner period for Chinese markets, I don’t expect too much volatility because of this on oil prices.

China says it agrees with the US to release crude oil reserves around Lunar New Year

| Business Top Stories World news
cnbctv18-forexlive-benzinga -Sp

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button