Oil: down to $ 75, release of strategic reserves expected

ROME, NOVEMBER 23 – The price of oil is down to $ 75 pending the simultaneous release by the US, Japan, India and South Korea (and perhaps also China) of the release of strategic reserves. A move desired by the Biden administration but which OPEC + has judged not sufficient if demand is still strong. The Texas WTI price, however, falls by 1.3% to $ 75.7 a barrel while Brent loses 0.98% to $ 78.9. (HANDLE).

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