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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (44444)11/23/2021 11:49:19 AM
From: bull_dozer1 Recommendation

Recommended By
ajtj99

  Respond to of 97931
 
Nice Grub < 44444 > <G>

US to release 50m barrels of oil from reserves

President Joe Biden has announced the release of oil from the US’s strategic stockpile in an attempt to drive down petrol prices and snuff out a crude market rally that the White House has said poses a threat to the global economic recovery.


The White House said on Tuesday that the president was authorising the release of 50m barrels of oil — about 2.5 days worth of US oil consumption — “over the coming months”, in a move co-ordinated with China, India, Japan, South Korea and the UK.

ft.com



Just like printing more dollars, makes the dollar stronger...<G>