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Crude Oil Price to Remain Capped on Strategic Reserve Release Talk

CRUDE OIL PRICE, CHART, AND ANALYSIS: US President looking for coordinated action on oil stockpiles. Crude oil will remain capped as discussions continue. The President of the United States, Joe Biden, is having ongoing talks with China, India, and Japan about a coordinated release of oil stockpiles to help push back against the high cost of oil that is dampening global growth prospects and fueling inflation. The US has already indicated that it is willing to rele

MongiIG

MongiIG in Market News

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