Why US-led emergency oil release failed to ‘shock and awe’

November 25, 2021 10:15 AM

LONDON (REUTERS) – Oil prices rose after the US-coordinated release of emergency petroleum stocks was announced on Tuesday (Nov 23), as the volume of extra petroleum offered to the market proved smaller than traders anticipated.

Source : http://www.straitstimes.com/business/economy/why-us-led-emergency-oil-release-failed-to-shock-and-awe