Fri, Feb 10, 2023
The price of Brent crude rose on the news of the output cut from Russia, the world's second-largest oil exporter after Saudi Arabia, increasing by more than 2.5 per cent on the day to $86.6 per barrel.
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Wed, Nov 24, 2021
The US Department of Energy will authorise the release of 50 million barrels of oil from the Strategic Petroleum Reserve (SPR) to lower oil prices and address the mismatch between demand exiting the pandemic and supply.
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