Oil Prices Surge Despite Record-Breaking Strategic Reserve Release | 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@beehaw.org
    2·
    2 days ago

    The release is to keep costs low, not keep prices down.

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